Lost In The Jungle
Essential and lip-smacking reading about the SE-Asia economic Tigers being lost in the jungle of cronyism, from Newsweek.
Really? Ya think?
The architecture of the Southeast Asian economy remains what it was 10 and 50 and 100 years ago. The domestic economies of Hong Kong, Singapore, Thailand, Malaysia, Indonesia and the Philippines are all still dominated by reclusive, enigmatic billionaires and their families...
After the financial crisis in Southeast Asia, in state after state, taxpayers picked up the tab, tycoons picked up the pieces and life went on as before. The lesson of the past decade has been that the relationship between political and economic elites in Southeast Asia is more enduring than almost anyone imagined.
So where do these shenanigans leave Southeast Asia? It is easily forgotten that 150 years after the modern globalization era began, there is still only one significant Asian country that has made the transition all the way from backwardness to developed-nation status: Japan, and that was a century ago. We are not so good at learning the lessons of development as we think, and Southeast Asia richly illustrates the point.
Lots of the names of key players are mentioned too, which is great. However, amazingly, talking about croneyism and corruption in SE-Asia and the Lee family is not mentioned! So this article is therefore not libelous and is for sale in Singapore.
Great find from the ever alert Friskodude.
OTHER MONKEYS SAID
i like that...don't name the major perps... anyway, you're right (answering here instead of my site-i'm here now, not there and it's late, i need to be in bed) it isn't an easy solution...i lived the expat life, too, remember? my driver in KSA had a PhD in philosophy, but he left sri lanka in order to support his family...his was one of many stories i've heard over the years... check out tony he has a pic of a sculpture that sums it up...
Sav: Yes, perfect - the black man's burden as they used say back when it possible to say 'black' without being villified as a racist pig, unless of course you are black yourself.
PhD in Philosophy. Isn't that rather redundant?
The book that the quoted article is based on doesn't come out until October... Tried to get it today in Sing... Damn. It's on my Amazon wish list.
sugar, i was TIRED when i posted yesterday...pity the poor black child *snickering* just wantin got be accepted by her white lord and master...(think anyone besides us will see the humor in that statement)