A provocative look at what has worked - and what hasn't - in East Asian economics. It explores how policies ridiculed by economists created titans in Japan Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in south-east Asia down the economic river.
40 or 50 families control the economies of Hong Kong, Singapore, Thailand, the Philippines and Indonesia. Their interests range from banking to property, from shipping to sugar, from vice to gambling. This book lifts the lid on a world of staggering secrecy and shows that the little most people know is almost entirely wrong.
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