Asian Eclipse
Exposing the Dark Side of Business
Published on 24. May 1999
Book
Hardback
X, 412 pages
978-0-471-83530-1 (ISBN)
Description
The recent downturn in the Asian economies has been blamed on many different factors. In this work, Michael Backman analyzes a number of dubious business practices that are endemic in the region and which he believes have played a significant part in Asia's downfall. Among the problems he identifies are cronyism, a corrupt business media, inadequate legal protection, questionable business practices by the big six accounting firms in Asia, and political patronage (including a revealing account of the Lippo Group's donations to Bill Clinton's campaign funds). He concludes with a discussion of whether Asia has learnt its lesson and an assessment of how far recent legislation will go to wipe out corruption.
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Book
04/2001
1st Edition
Wiley
€25.90
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Content
THE FRAMEWORK; The Business of Asian Values; Bureaucrats, Bribery, and Bankruptcy; Auditing Asia; Asia's Corrupted Business Media; FAMILIES, FIRMS, AND FORTUNES; Merchants of Menace?: Conglomerates Asian-Style; Asia's Conglomerates and their Banks; Lambs to the Slaughter: Investing in Asia's Stock Markets; Polygamy and Family Squabbles; ASIA'S TWO GIANTS; What's Wrong with Japan?; China: Rising Star or Black Hole?; THE MINORITY THAT COUNTS; Asia's Overseas Chinese; KINGS, CRONIES, AND PRESIDENTS; Royal Business; President of the Country; Chairman of the Board; President Soeharto and the Fortune 500; Other Politicians; Other Businesses; Seeking Political Access in the West Shopping for the American President; ASIAN ECLIPSE?; Asian Eclipse and Beyond; Endnotes; Bibliography; Index.