ISSUE 1 2015 Reason 13 theLATEST held down the value of its currency and kept a close watch on its largest manufacturing operations essentially handcuffing its own ability to break out globally and therefore was surpassed by countries such as Korea that didn t have such a heavy handed con trol oriented approach to economic policy Studwell names leaders both gov ernmental and industrial of these coun tries without reservation and points out the impact each leader exerted on his country s global approach to business For example Indonesia billionaire Liem Sioe Liong was granted concessions under the country s political leaders to own banks and domestic monopolies One of those leaders Sukarno the first president of Indonesia had lit tle vision of or interest in exports and in Studwell s words had no viable policy for the industrial development of his country And so Liem who also operated under Suharto the second president of the country exerted very little of his wealth to manufacture for export and subsequently failed to influence his country s economic success even though Liem at one point in the 90s accounted for 5 percent of Indo nesia s gross domestic product GDP In this way Studwell ties economics to his tory which adds a nice dimension to How Asia Works And in order to preserve the readabil ity of the book the author avoids plunging too deeply into musty scholastic research Rather he cuts that information with trav elogue style writing inserting colorful and descriptive journeys to the areas in question The result is an Economist Book of the Year and an interesting way to spend a few hours Studwell helps business minded readers learn more fully the mechanisms at work in one of the world s most dynamic regions Not to leave anyone out he also in multidimensional long form journalistic style takes those not born with a business brain on an equally colorful ride through the busy byways and rice paddies of East Asia FM Global FMGlobal Find out and share what s happening FMGlobal in less than 140 characters Follow us on Twitter Pls RT twitter com FMGlobal twitter com FMGlobal Tweets Tweets and replies FM Global FMGlobal WHEN YOU RE RESILIENT YOU RE IN BUSINESS

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