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This Website Contains Information on Equus SICAV - Ascender Asia Value Fund

The fund discussed on this web site is not offered outside its intended countries and transactions will only be accepted from qualified investors. This information is intended to supplement information contained in the fund prospectus and must be read in conjunction therewith. No information in this section constitutes an offer of fund shares or of any securities mentioned. Please read the prospectus and key investor information document carefully.

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The Equus SICAV – Ascender Asia Value Fund is authorized and available in Luxembourg and Switzerland.

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3 posts

How Asia Works by Joe Studwell

Ascender Team - 18th May 2020

The book vividly presents the economic development success stories of major North-East Asian economies, particularly Japan, South Korea and Taiwan.

Studwell traces the policies that were put in place to finance the emergence of vibrant manufacturing sectors, particularly stressing the importance of timely land ownership reform, which drove agricultural productivity and profits that were directed toward high-growth manufacturing activities. The book emphasizes the critical decision on the part of governments to oblige national manufacturing companies to export, thereby forcing them to invest in technologies that would enable them to compete internationally. Furthermore, these countries insisted that their finance sectors be put to the service of their national industrial objectives, creating an ideal ecosystem for their manufacturing sectors to bloom.

The author puts in perspective the difficulties encountered by the majority of South-East Asian economies, which failed to foster the emergence of internationally competitive leaders.

This is a must-read for whomever wants to gain a richer understanding of the drivers behind the economic successes and failures of major economies in Asia with a firm grasp of this region’s vast idiosyncrasies.