yuen yuen ang how china escaped the poverty trap

How China Escaped the Poverty Trap offers the most complete synthesis to date of the numerous interacting forces that have shaped China's dramatic makeover and the problems it faces today.

Highlighting three universal roadblocks to adaptation, Ang identifies how Chinese reformers crafted enabling conditions for effective improvisation.

Further, she stresses that adaptive processes, though essential for development, do not automatically occur. Read more Ang reveals a startling conclusion: poor and weak countries can escape the poverty trap by first harnessing weak institutions-features that defy norms of good governance-to build markets. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt. Rather than insist that either strong institutions of good governance foster markets or that growth enables good governance, Ang lays out a new, dynamic framework for understanding development broadly. In How China Escaped the Poverty Trap, Yuen Yuen Ang explains this astonishing metamorphosis. In just three decades it evolved into the world's second-largest economy and is today guided by highly entrepreneurial bureaucrats. Before markets opened in 1978, China was an impoverished planned economy governed by a Maoist bureaucracy. Num Pages: 344 pages, 27, 11 black & white halftones, 1 maps, 15 black & white tables. Series: Cornell Studies in Political Economy. Description for How China Escaped the Poverty Trap (Cornell Studies in Political Economy) Hardcover.

Yuen yuen ang how china escaped the poverty trap