Post written by Simon Commander, Visiting Professor of Economics at IE Business School and Managing Partner of Altura Partners, and Saul Estrin, Professor Emeritus of Managerial Economics and Strategy at the London School of Economics and Political Science.
Lujiazui Business Districk in Pudong, Shanghai, China. (Photo by Liqun Liu/Construction … [+] Photography/Avalon/Getty Images)
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The mutually beneficial links between Asia’s business dynasties and its political elites have been important drivers behind Asia’s extraordinary renaissance. But, as we argue in our new book ‘The Connections World: The Future of Asian Capitalism’, which has just been published by Cambridge University Press, these close ties now threaten the continent’s future economic growth.
This is because the ubiquitous Asian corporate structures of Business Groups systematically work with politicians in Asia to create excessive monopoly…
