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How China Escaped the Poverty Trap (Cornell Studies in Political Economy)

How China Escaped the Poverty Trap (Cornell Studies in Political Economy) Paperback - 2016

by Ang, Yuen Yuen

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  • Title How China Escaped the Poverty Trap (Cornell Studies in Political Economy)
  • Author Ang, Yuen Yuen
  • Binding Paperback
  • Condition New
  • Pages 344
  • Volumes 1
  • Language ENG
  • Publisher Cornell University Press, United States
  • Date 2016-09-06
  • Illustrated Yes
  • Features Bibliography, Dust Cover, Illustrated, Index, Maps
  • Bookseller's Inventory # GOR013777406
  • ISBN 9781501700200 / 1501700200
  • Weight 1.4 lbs (0.64 kg)
  • Dimensions 9.1 x 6.3 x 1.3 in (23.11 x 16.00 x 3.30 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Themes
    • Cultural Region: Asian - General
    • Cultural Region: Asian - Chinese
  • Library of Congress subjects China - Economic policy - 2000-, China - Economic conditions - 2000-
  • Library of Congress Catalog Number 2016014018
  • Dewey Decimal Code 338.951

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From the publisher

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.

By mapping this coevolution, 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. Further, she stresses that adaptive processes, though essential for development, do not automatically occur. Highlighting three universal roadblocks to adaptation, Ang identifies how Chinese reformers crafted enabling conditions for effective improvisation.

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. Looking beyond China, Ang also traces the coevolutionary sequence of development in late medieval Europe, antebellum United States, and contemporary Nigeria, and finds surprising parallels among these otherwise disparate cases. Indispensable to all who care about development, this groundbreaking book challenges the convention of linear thinking and points to an alternative path out of poverty traps.

Media reviews

Citations

  • Choice, 03/01/2017, Page 0

About the author

Yuen Yuen Ang is an Andrew Carnegie Fellow and the inaugural recipient of the Theda Skocpol Prize for Emerging Scholar, awarded by the American Political Science Association.

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