How Asia Works by Joe Studwell

This book provides a comprehensive analysis of the economic development in nine Asian countries, focusing on the policies and strategies that have driven their growth. It contrasts successful economies like Japan, South Korea, and China with less successful ones in Southeast Asia, examining land reforms, manufacturing policies, and financial control. The author argues that the successful countries followed a similar developmental path by implementing land reform to support smallholder farming, focusing on manufacturing with strict productivity goals, and controlling the financial sector to support these policies. The book challenges conventional economic theories and offers insights into the mechanisms behind Asia's economic transformations.

The 14550th greatest book of all time


Ranking Details:

Our ranking system awards points to books based on their appearance and position on curated lists. Here's how it works:

Unranked Lists: For lists without specific rankings, each book receives points equivalent to the list's weight. This approach recognizes the book's inclusion on prestigious lists.

Ranked Lists: Books on ranked lists receive points in two ways:

  • Base Points: Initially, every book is awarded points equal to the list's weight, acknowledging its significance.
  • Bonus Points: Additionally, books earn bonus points based on their ranking. The total bonus pool, equal to 100% of the list's weight, is distributed among the books, with higher-ranked books receiving more points.

Exponential Distribution: The distribution of bonus points follows an exponential model. This means the top-ranked book (#1) receives significantly more bonus points than those further down the list (e.g., #100). Our algorithm ensures that higher placements are rewarded more generously, reflecting the achievement of a top rank on any given list.

This scoring system ensures that each book's ranking reflects both its presence on multiple lists and its positions within those lists, providing a comprehensive measure of its acclaim and popularity.

List Date Penalty Feature

In our continuous effort to provide the most accurate and fair rankings, we have introduced a new feature: the List Date Penalty. This feature aims to reduce recency bias in our rankings by applying a penalty to books based on their publication dates relative to the list's publication date.

How It Works
  • Publication Date Comparison: For each book on a list, we compare its publication date to the publication date of the list.
  • Penalty Application:
    • Maximum Penalty: If a book was published in the same year as the list, it receives the maximum penalty, as we believe it hasn't had enough time to stand the test of time.
    • Proportional Penalty: Books that were published in the years leading up to the list's publication date receive a proportional penalty based on the number of years they have been available.
    • No Penalty: Books that were published more than a specified number of years (max age for penalty) before the list's publication date do not receive any penalty, acknowledging their enduring relevance and influence.
Why This Matters

By mitigating recency bias, the List Date Penalty feature helps to ensure that books that have had more time to be evaluated by readers and critics are given their due weight. This results in a more equitable and historically balanced ranking that truly reflects the greatest books of all time.

Total Points: 1

This book was first published in 2013

1 Lists