Currently reading

I am currently reading Joe Studwell's book "How Asia works". With the help of examples of successes and failures in Asia (China, Japan, Taiwan, Korea, Indonesia, Philippines, and Malaysia), the book focuses on how rapid economic transformation is achieved. The author gets into the details of three critical interventions that governments can do to speed up economic development. They are :

1) To maximize output from agriculture, which employs the vast majority of people in poor countries,

2) To direct investments and entrepreneurs towards manufacturing, and

3) To intervene in the financial sector to focus on capital intensive, small-scale agriculture and manufacturing development.