How China escaped the poverty trap
Ang, Yuen Yuen.
How China escaped the poverty trap - London Cornell University Press 2016 - xvi, 326p.;24cm
Includes bibliographical references (pages 267-314) and index.
Before markets opened in 1978, China was an impoverished planned economy governed by a Maoist bureaucracy. In just three decades it evolved into the world?s second-largest economy and is today guided by highly entrepreneurial bureaucrats. In How China Escaped the Poverty Trap, Yuen Yuen Ang explains this astonishing metamorphosis. 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. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt.
English
978-1501700200
Sustainable Development
338.951 ANG
How China escaped the poverty trap - London Cornell University Press 2016 - xvi, 326p.;24cm
Includes bibliographical references (pages 267-314) and index.
Before markets opened in 1978, China was an impoverished planned economy governed by a Maoist bureaucracy. In just three decades it evolved into the world?s second-largest economy and is today guided by highly entrepreneurial bureaucrats. In How China Escaped the Poverty Trap, Yuen Yuen Ang explains this astonishing metamorphosis. 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. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt.
English
978-1501700200
Sustainable Development
338.951 ANG