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East Asia
East Asia
Oct 8, 2024 1:35 AM

Author:Arthur Cotterell

East Asia

In recent decades there has been a dramatic transformation around the Pacific Rim. No longer 'the Far East' - that exotic, mysterious land at the distant fringe of Western consciousness - East Asia today commands the attention of the entire world.

In East Asia, Arthur Cotterell condenses into a compact, highly readable book an immense amount of historical knowledge, placing this amazing economic development in its proper perspective - an Asian one. Cotterell ranges from the dawn of Chinese civilization to Japan's emergence as the first East Asian nation to develop an industrial economy. And he brings his history up to the present, examining America's setbacks in the Korean and Vietnam Wars, Japan's rise as an economic superpower, and the recent histories of countries such as reunited Vietnam, Indonesia and Singapore.

Cotterell goes on to suggest that Japan will eventually be overtaken by its neighbours, concluding that relations between the Chinese and the Japanese will ultimately determine the future of East Asia, although over the coming decades the key Pacific partners remain China and the United States.

With spectacular historical perspective, Arthur Cotterell performs an invaluable service to all those who wish to have deeper understanding of our newest, and most competitive, trading partners.

Reviews

A remarkably concise yet comprehensive account of one of the world's key regions...an impressively compact work, combining arresting detail and bold outlines

—— Education

Arthur Cotterell has written another masterly book

—— South China Morning Post

A must-read for anyone fascinated by financial madness

—— Mail on Sunday

A forensic, read-in-one-sitting book

—— Sunday Times

Extraordinary, excellent

—— Observer

Compelling

—— Economist

Zuckerman takes us to Wall Street's heart of darkness, where mushroomed a $1 trillion subprime mortgage market that only the few, the brave, the smart dared short. This is at once a great page-turner and a great illuminator of the market's crash.

—— John Heylar, co-author of Barbarians at the Gate

Much, much more than a brilliant account of Paulson's trade of the century; this book also provides a highly enjoyable and lucid journey through the analytical and emotional maze that constituted the financial markets on the eve of the Great Recession. Compulsory reading.

—— Mohamed El-Erian, CEO of Pacific Investment Management Co and author of When Markets Collide

A magnificent insider look at how Paulson and others profited off of subprime's demise... insightful and gripping.

—— Marketfolly.com

Brilliant... a colourful monetary and financial history...Lords of Finance will help to educate as it entertains.

—— TLS

Back in the 1920s and 1930s, enormous power was wielded by a quartet of central bankers...Ahamed provides a compelling and convincing narrative of these bungling, tortured bankers vainly trying to reconcile their conflicting duties to their countries and to the global economy. The strength of this book is in humanising the world's descent into economic chaos.

—— Robert Preston , The Sunday Times

[a] fascinating and timely history

—— Ian Pindar , Guardian

Incredibly vivid

—— Press Association

I've read lots of books about economics this last year. This is one of the very best... Superb

—— Standard

A fluent and indirect paean to Keynesian economics... this resonates with the contemporary turmoil in global financial markets

—— Financial Times

Ahamed unravels the story of the most terrible financial collapse in history from the perspective of the four men who were largely responsible: the leading central bankers in the United States, Britain, France and Germany

—— Mail on Sunday

[a] very readable portrait of the bankers who allowed the Great Depression to happen

—— Telegraph

Possibly the most important political book that I have read since The Spirit Level

—— Stuart Weir, co-founder of Charter 88, former editor of the New Statesman

He has prised the lid off an important and terrifying can of worms

—— Martin Vander Weyer , Literary Review

Lively and well written book

—— Toby Young , Mail on Sunday

A welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich

—— Geoffrey Robertson , New Statesman, Books of the Year

Shaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting

—— William Leith , Evening Standard

A compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time

—— Peter Magee , Bookbag

What makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues

—— John Arlidge , Sunday Times

This book is a must-read for anyone who wants to understand the world we live in

—— Brian Maye , Irish Times

This engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"

—— Boyd Tonkin , Independent

[An] informed polemic against finance capital

—— Oliver Kamm , The Times

Now more than a decade old, this is still the best introduction to the world of tax havens

—— Economist, *Summer Reads of 2022*
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