Reddit Reddit reviews How Asia Works

We found 6 Reddit comments about How Asia Works. Here are the top ones, ranked by their Reddit score.

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How Asia Works
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6 Reddit comments about How Asia Works:

u/the_wizard · 13 pointsr/Economics

http://www.amazon.com/How-Asia-Works-Joe-Studwell/dp/0802121322/

This book actually argues that WB/IMF advice is counterproductive. The East Asian countries that lifted themselves out of poverty did so by going against the advice of those two institutions. Top comment provides great TL;DR.

u/Bjarkwelle69 · 3 pointsr/badeconomics

> What other alternatives of (good) economic development did China have after they dropped central planning?

There's a recent JEP symposium on the Chinese economy. From what I've read, local officials in China are given benefits (I forgot what benefits they are) if they reach the growth rate target of their area as part of the nation's Five-Year Plans. It's certainly an interesting incentive that I've never heard before. It has some problems though which one of the articles mention.
 
> Also, what are some good books to read on development economics/the economics of "poor" countries?

Are you looking for a textbook about development economics or a book about the economics of developing countries?

If you're looking for a development economics textbook, then my professor made us use Todaro & Smith's

If you're looking for a book about the economies of many developing countries, I'd suggest How Asia Works which focuses on East Asian and Souteast Asian economies. I'm not sure how good it is and how it is received by economists but Tyler Cowen likes it.

If you're looking for a book about a particular developing country, then my professor also made us use this book to study the Philippines.

u/LtCmdrData · 2 pointsr/geopolitics

Sahel belt in Africa has accumulated 20 million people suffering from food insecurity and the numbers grow. Spike in food and fuel prices can turn the region into massive famine/refugee that spreads south. Unrest in the area is partly war against hunger, because armed groups are the last to suffer from hunger and poverty.

Most industrialized Asian countries had successful land reform before their economies started to gain traction and build up manufacturing and export. Countries who didn't (who followed colonial model) were left behind. Joe Studwell on How Asia Works: Success and Failure in the World's Most Dynamic Region, the book: https://www.amazon.com/How-Asia-Works-Joe-Studwell/dp/0802121322

u/satanic_hamster · 2 pointsr/CapitalismVSocialism

> Capitalism has been consistently proven to raise the standards of living wherever it has been tried.

Google the word neoliberalism sometime, and spend a day researching it.

> Meanwhile, every single attempt at socialism - the USSR, the PRC, the DPRK, Venezuela, Cuba - has resulted in disaster, and has lowered the standards of living wherever it has been tried.

In what sense are these socialist, apart from what they call themselves in name? An anarcho-capitalist can have some actual, justified criticisms against socialism in practice (I've seen many), but when people like you plow forward with such an elementary misunderstanding, believe me when I say you look bad, even to your own camp.

The Zapatistas? The Paris Commune? The Ukrainian Free Territories? Revolutionary Catalonia? The Israeli Kibbutzim? That is your actual target.

> There is a reason why every single country that was once considered communist has transitioned towards capitalism...

Because they were bombed to hell in the interest of the capitalist class?

> ... and it should be no surprise to anyone that the standard of living has raised in these areas.

Like the four asian tigers did through State intervention? (And like the US did, also). Nothing even close to a free market prescription, albeit a quasi-capitalist one nevertheless.

u/ArepaConMate · 1 pointr/uruguay

Hace poco terminé una vuelta más a How Asia Works, que es uno de mis favoritos. Ahora estoy releyendo The Elusive Quest for Growth y empezando con Stages of Economic Growth

u/Mrekza · -11 pointsr/AskEconomics

But that is not due to free trade but due to industrial policy. In fact ironically all the countries you cited used industrial policy to develop infant industries as Joe Studwell https://www.amazon.com/How-Asia-Works-Joe-Studwell/dp/0802121322/ref=sr_1_1?s=books&ie=UTF8&qid=1485438792&sr=1-1&keywords=joe+studwell and Robert Wade https://www.youtube.com/watch?v=TaxdPb6LZZY so astutely point out.