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How China escaped the poverty trap: mapping the coevolution of property rights and the economy

This analysis reveals that institutions and property rights needed to build new markets are qualitatively different from those that later emerge to sustain established markets. ....

New York , United States , Yuen Ang , New York Times , Foreign Affairs , American Political Science Association , Stanford University , University Of Michigan , Theda Skocpol Prize , Emerging Scholar , Andrew Carnegie Fellow , How China Escaped , Poverty Trap , Gilded Age , Economic Boom , Vast Corruption , Money Talks , Financial Times ,

China's Gilded Age: The Paradox of Economic Boom and Vast Corruption (Book Talk)

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Why has China grown so fast for so long despite vast corruption? In her new book, China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption (2020), Yuen Yuen Ang argues that not all types of corruption hurt growth, nor do they cause the same kind of harm. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money, or elite exchange of power and profit, cuts both ways. 'Access money' both stimulates investment and growth and produces serious risks for the economy and political system. Since China opened its markets, corruption has evolved toward access money. Drawing on a range of data sources, Ang explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challeng ....

New York , United States , South Africa , Columbia University , Duncan Green , Yuen Ang , United Nations Development Programme , Colorado College , Julis Rabinowitz Center , United Nations , University Of Michigan , New York Times , China Initiative , Foreign Affairs , Stanford University , Science Association , Gilded Age , Economic Boom , Vast Corruption , Theda Skocpol Prize , Emerging Scholar , American Political , Andrew Carnegie Fellow , How China Escaped , Poverty Trap , Project Syndicate ,

Book Talk: China's Gilded Age

Book Talk: China's Gilded Age
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New York , United States , South Africa , Columbia University , Duncan Green , Yuen Ang , United Nations Development Programme , Colorado College , Julis Rabinowitz Center , United Nations , University Of Michigan , New York Times , China Initiative , Foreign Affairs , Stanford University , Science Association , Gilded Age , Theda Skocpol Prize , Emerging Scholar , American Political , Andrew Carnegie Fellow , How China Escaped , Poverty Trap , Economic Boom , Vast Corruption , Project Syndicate ,