Asian Eclipse Exposing the Dark Side of Business in Asia Asia was a shining star in the world economy for most of the 1980s and 1990s. The secrets of its success were often a subject of intense debate. Plaudits cited Japanese economic power, Confucian work ethics, the freeing of China's markets, Eastern ingenuity and the powerful overseas Chinese guanxi networks. Critics were dismissed as ignorant of Asian values. But behind the facade lay a darker, more sinister truth. In this remarkable account, leading analyst Michael Backman tears away the myths of Asian business and reveals the dark side of the Asian success story. From endemic corruption to rampant cronyism, Asian Eclipse is a tale of capitalism gone sour, it names the perpetrators and offers timely advice on what is really needed for Asia to clean up its act. It will remain an indispensable guide to the complexities of corporate Asia for years to come. Highlights include:
* China - rising star or black hole?
* Japan - high-level corruption, organized crime and poor corporate governance
* Indonesia - the ultimate victim of Soeharto's rampant cronyism
* Donorgate - President Clinton's campaign funds and the Asian connections
* Corporate Asia - What really happens to shareholders' money
"Mr Backman's great achievement is to answer the really important questions about why the Asian crisis erupted. This book uncovers a great deal which Asian companies and governments would like to remain under wraps." Steve Vines The Independent's correspondent in Hong Kong Author of Hong Kong: China's New Colony "A gold mine of facts.it should be required reading for every foreign banker and fund manager arriving in Southeast Asia." Philip Bowring Columnist, International Herald Tribune
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Michael Backman is a leading commentator on corporate Asia and is known for his detailed and uncompromising analysis. He is the principal author of the highly acclaimed Overseas Chinese Business Networks in Asia published by the Australian Government, the author of numerous articles for journals and newspapers around the world and a regular contributor to the Asian Wall Street Journal. He is a frequent speaker at international seminars and conferences and a regular commentator in the media on Asian business matters. Mr Backman was trained as an economist, has lived and worked in Jakarta, Indonesia, and travels widely throughout Asia.
Asian Eclipse Exposing the Dark Side of Business in Asia Asia was a shining star in the world economy for most of the 1980s and 1990s. The secrets of its success were often a subject of intense debate. Plaudits cited Japanese economic power, Confucian work ethics, the freeing of China's markets, Eastern ingenuity and the powerful overseas Chinese guanxi networks. Critics were dismissed as ignorant of Asian values. But behind the facade lay a darker, more sinister truth. In this remarkable account, leading analyst Michael Backman tears away the myths of Asian business and reveals the dark side of the Asian success story. From endemic corruption to rampant cronyism, Asian Eclipse is a tale of capitalism gone sour, it names the perpetrators and offers timely advice on what is really needed for Asia to clean up its act. It will remain an indispensable guide to the complexities of corporate Asia for years to come. Highlights include:
* China - rising star or black hole?
* Japan - high-level corruption, organized crime and poor corporate governance
* Indonesia - the ultimate victim of Soeharto's rampant cronyism
* Donorgate - President Clinton's campaign funds and the Asian connections
* Corporate Asia - What really happens to shareholders' money
"Mr Backman's great achievement is to answer the really important questions about why the Asian crisis erupted. This book uncovers a great deal which Asian companies and governments would like to remain under wraps." Steve Vines The Independent's correspondent in Hong Kong Author of Hong Kong: China's New Colony "A gold mine of facts.it should be required reading for every foreign banker and fund manager arriving in Southeast Asia." Philip Bowring Columnist, International Herald Tribune
"Timely and highly readable, a must for anyone in Asia daring to get into a business deal, make a deposit in a bank, or even buy a share." Anthony Paul Editor-at-Large (Asia) Fortune "Backman has uncovered a vast amount of hard-to-find information. On top of that, he has brought these characters to life and provides a crucial missing link in the coverage of business in Asia." Justin Doebele Forbes Global "This book gathers together, like no other volume I've seen, a stupendous catalogue of business shortcomings and outright commercial mischief occurring in Asia during the long years of unparalleled prosperity." James Clad Professor of Asian Studies Georgetown University Author of Behind the Myth: Business, Money & Power in Southeast Asia "Asian Eclipse helps to put Asian risks into their proper perspective. The region still offers great potential, but realizing that potential will not be nearly as easy as many were assuming. This book shows with numerous examples the major obstacles that stand in the way." Robert C. Broadfoot Founder and Managing Director Political and Economic Risk Consultancy, Ltd (PERC) "Michael Backman's book offers some penetrating insights into the seamier side of Asian business. The work also offers a rare glimpse into the highly successful, though often secretive, overseas Chinese business networks worldwide." Rosalie L. Tung The Ming & Stella Wong Professor of International Business Simon Fraser University Asian Eclipse Exposing the Dark Side of Business in Asia
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