Within the past decade the Far Eastern
Economic Review has become the most consequential journal of its kind in
Asia. Providing detailed and increasingly dependable information on trade,
finance, economic problems and progress, and related political trends, it
has earned regard as valued reading among businessmen, government officials
In most of Asia, the objective careful economic reporting and analysis that
is vital to development is both a new and difficult craft. Statistics often
are incomplete and occasionally unreliable. Preoccupation with politics in
the era of new independence has sometimes led to ignoring the hard realities
of economic life upon which material achievements must be based. Private
businesses and governments are often reluctant to permit probing inquiry.
Despite these and other obstacles the editors of the Far Eastern Economic
Review, RICHARD G. WILSON and KAYSER SUNG, and their staff produce each week
a journal that is setting a standard for critical but fair examination of
the complex spectrum of economic affairs. With their 40-odd colleagues in
Hong Kong and 20 correspondents in Asia and the West, this editorial team,
since 1960, has also published a Yearbook that is proving a reliable
reference source for industrialists studying markets and government planners
RICHARD G. WILSON came to the Review as editor in 1958. Trained both in law
and journalism in England and the United States, he chose to apprentice on
the Financial Times of London to specialize in economic journalism.
Well-traveled and scholarly, his particular interests are the problems in
Africa and Asia of telescoping economic and social advance into a short span
KAYSER SUNG, who joined the Review in 1959 as Deputy Editor after 12 years
with Reuters, mastered his profession during the hard years in wartime
China. He was appointed concurrently Publisher and Managing Editor in 1964.
His passion for research as the foundation for all reporting is becoming a
distinguishing mark of the journal's staff. An authority on such subjects as
the textile industry in Asia and the terms of European trade with the Far
East, he also shows himself sensitive to the human dimension.
In their editing of the Review, WILSON and SUNG have demonstrated that
journalism can play a constructive role in fostering healthy growth. Both
respected for their professional and personal integrity, these two editors
are making economic news significant and readable.
In electing RICHARD GARRETT WILSON and KAYSER SUNG to receive the 1964 Ramon
Magsaysay Award for Journalism and Literature, the Board of Trustees
recognizes their accuracy, impartiality and continuing search for facts and
insights in recording Asia's quest for economic advancement .