Mahathir Muhammad's Book: Reflections On Asia

I just finished reading Dr Mahathir Muhammad's book Reflections on Asia. The book discusses mainly how the current currency trading system destroyed the asian economies in 1997. Malaysia set out on an open policy toward currency trading and stock exchange investments but short-selling and pull-out of investment brought the whole Malaysian economy down.

 

I particularly loved the last chapter that discussed the nature of european nations and how the asian nations should make progress in the next century. Apart from that he also discussed how they adopted the japanese management model and the differences between eastern and western management ethics. I find that there are important lessons in this book for the asian countries and Malaysian success is a case in point. Although their mistakes led to some loss and difficult time but they recovered and are moving forward. They learned the lesson and we should learn from them. Success is not in blindly following western schemes or in the dictation of IMF or World Bank but in self-reliance and in understanding of needs and capabilities of our people and utilizing it to the maximum.