In little more than a generation, Asia has emerged from
centuries of stagnation to become the rising force of the global
economy. This transformation has been so spectacular that some have
called it a miracle. How did it happen? Taking the reader from the
docksides of Korea to the halls of India's finance ministry, The
Miracle details the courageous decisions and heroic self-sacrifice
that made Asia's ascent possible. Spanning nine countries and
probing major historical currents, this account illuminates not
only Asia's extraordinary economic rise but also how its causes
might emancipate the developing world from poverty and guide the
developed world to further prosperity.
Using more than a decade of reporting and analysis, Time
magazine and former Wall Street Journal reporter Michael Schuman
uncovers how outsourcing to Asia began; how Asia's most famous
companies, such as Sony and Honda, became global corporations; and
how technological changes and global economic shifts made Asia's
boom possible. He reveals the compelling human side to this
economic story, introducing readers to the political strongmen,
entrepreneurs, and policymakers who made the Miracle a reality.
This engaging historical narrative brings to life the ideas and
actions of a diverse group of Asians--dictators and democrats,
generals and technocrats, economists and engineers.
Some of the characters in the book have captured the global
imagination for years, such as China's reformer Deng Xiaoping and
Sony founder Akio Morita. Others are less well known, including
Park Chung Hee, Korea's tightfisted nation builder; Liu Chuanzhi,
the risk-taking founder of PC maker Lenovo; and Azim Premji, the
mastermind behind Wipro, one of India's technology giants. All of
them shared a dream--to elevate Asia to its proper place of
influence in the world and eradicate the poverty around them.
The Miracle not only offers profound insight into Asia and its
increasing wealth and power; it also reveals how these seismic
shifts continue to reverberate through the global economy. The
implications of Asia's economic ascent for the rest of the world
are surprising, promising, and inspiring. Readers of The Miracle
will gain a deep understanding of Asia's place in the global
economy--and of their own.
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