Name: The Connections World
ISBN: 9781009169790

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The Connections World

Simon Commander

Hardcover

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A central feature of modern Asia that trumps differences in economic and political systems is the web of close relationships running between and within business and politics; the connections world. These networks facilitate highly transactional interactions yielding significant reciprocal benefits. Although the connections world has not as yet seriously impeded Asia's economic renaissance, it comes with significant costs and fallibilities. These include the creation and entrenchment of huge market power and the attenuation of competition. They in turn hold back the growth in productivity and innovation that will be essential for further development. The connections world also breeds massive inequalities that may culminate in political instability. The authors argue that if Asia's claim to the 21st century is not to be derailed, major changes must be made to policy and behaviour so as to cut away the foundations of the connections world and promote more sustainable economic and political systems.

Book Details

Publisher: Cambridge University Press
Publish Date: Feb 2nd, 2023
Pages: 360
Language: English
Edition: undefined - undefined
Dimensions: 9.13in - 6.06in - 1.02in - 1.25lb
EAN: 9781009169790
Categories: • Development - Economic Development• Television & Video

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About the Author

Commander, Simon: - Simon Commander is Managing Partner of Altura Partners and Visiting Professor of Economics at IE Business School in Madrid.

Estrin, Saul: - Saul Estrin is Professor Emeritus of Managerial Economics and Strategy at London School of Economics.

What people are saying

CSIS Indonesia

@CSISIndonesia

1 year

Centre for Strategic and International Studies (CSIS) is Indonesia's oldest and leading think tank focusing on strategic political, security & economic affairs.

CSIS akan menyelenggarakan seminar diskusi buku mengenai The Connections World: The Future of Asian Capitalism oleh Simon Commander dan Saul Estrin. Acara ini akan diselenggarakan secara daring. Mari berpartisipasi: Zoom: https://t.co/j6FEnkPuUB Youtube: https://t.co/OE9vaRjjA7 https://t.co/VqordoqEEF

LSE's public lecture programme: where some of the most influential figures in the social sciences can be heard.

The LSE Review of Books has shared a review of The Connections World: The Future of Asian Capitalism. We hosted a discussion with authors @SimonJCommander and @saul_estrin, who advise major changes must be made to policy and behaviour in the region. https://t.co/LCptL5iUhi https://t.co/s80y0dIgUM

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Asian Review of Books

@BookReviewsAsia

2 years

The Asian Review of Books is a dedicated pan-Asia book review publication. (Tweets of other publications' reviews/articles and retweets are for interest only.)

"The Connections World: The Future of Asian Capitalism" by Simon Commander and Saul Estrin reviewed in @LSEReviewBooks https://t.co/Lc1HxBkSua

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Praise for this book

'This excellent book provides a fresh perspective on Asian success, viewing it through the lens of networks and connections, between businesses and between businesses and governments. Using new empirical material and historical data, it argues that while the connections world has played its part in Asian success, it also bears the seeds of major challenges in the future in maintaining the success. The book will be of great interest to researchers and policymakers alike.' Ravi Kanbur, Cornell University

'The Connections World is a revealing account of the structures and strengths of Asia's politics and business networks in nurturing development and prosperity. It is also careful to highlight the model's flaws and shortcomings as Asia confronts some very familiar 21st century challenges.' George Magnus, Oxford University

'This is a terrific book, from which I learned a great deal. A considerable feat of scholarship, yet refreshingly jargon-free, it would be valuable for its information alone. But it offers much more besides. It provides a powerful analytical and empirical appreciation of the power of networks and the ways in which they have shaped Asian economies and businesses, with major implications for the region's prospects.' John Llewellyn, Llewellyn Consulting & Former Chief Economist, Lehman Brothers

'The authors argue convincingly that Asia's connections world - deeply embedded networks of business groups, powerful families, and governments - contributed materially to its remarkable economic success with mostly extensive growth these past 40 years, by substituting for missing markets and weak formal economic, social and political institutions. This connections world is likely to become a serious drag on further economic progress now that many of Asia's successful economies have entered the stage of intensive, innovation-driven growth. There is too little competition and rivalry, entry and exit and creative destruction. Required reading for all those interested in the political economy of sustainable economic growth for the rest of this century in Asia and elsewhere.' Willem Buiter, Columbia University

'In the recent competition between liberal and political capitalisms, the latter, exemplified primarily by China, has displayed higher economic growth. Relative economic power has shifted towards the Asian giants. In this timely book which X-ray-like looks at the 'insides' of the Asian model, Commander and Estrin present a much more informed and nuanced view than the usual 'crony capitalism' dismissal. The Asian capitalism based on family, connections, trust among the insiders, and porous relations between the state and the private sector might succumb to corruption, but it may also show itself to be more nimble than its Western counterpart.' Branko Milanovic, Author of Capitalism, Alone

'... the case for reform expressed in the book is compelling.' Nigel Driffield, LSE Review of Books (https: //blogs.lse.ac.uk/lsereviewofbooks)

What people are saying

CSIS Indonesia

@CSISIndonesia

1 year

Centre for Strategic and International Studies (CSIS) is Indonesia's oldest and leading think tank focusing on strategic political, security & economic affairs.

LSE's public lecture programme: where some of the most influential figures in the social sciences can be heard.

twitter.com