BOOK · [170]
How Asia Works: Success and Failure in the World's Most Dynamic Region
Economic History
Studwell's comparative study of why Japan, South Korea, and Taiwan industrialized successfully while Southeast Asia stagnated, crediting directed credit, export discipline, and land reform. Wang returns to it repeatedly as the clearest empirical case for activist industrial policy and the dangers of premature financial liberalization.
Endorsed By
1 PERSON-
Dan Wang
Wang's single most-cited reference for industrial policy arguments; he returns to Studwell's Northeast-vs.-Southeast Asia comparison in multiple annual letters.