
China's Gilded Age: The Paradox of Economic Boom and Vast Corruption book by Yuen Yuen Ang
By Yuen Yuen AngChina's Gilded Age: The Paradox of Economic Boom and Vast Corruption book by Yuen Yuen Ang
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, 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 petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both it stimulates investment and growth but produces serious risks for the economy and political system.
Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author 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 challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money.
In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.
Book details
- Paperback
- 275 pages
- English
- 1108478603
- 9781108478601
About Yuen Yuen Ang
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 s Read More about Yuen Yuen Ang
More Books By Yuen Yuen Ang
People who bought this also bought
The Shock Doctrine: The Rise of Disaster Capitalism book by Naomi Klein
New Book
Oneness With All Life: Inspirational Selections from A New Earth book by Eckhart Tolle
New Book
Chicken Soup for the Soul: Happily Ever After: Fun and Heartwarming Stories about Finding and Enjoying Your Mate book by Jack Canfield
Used Book
Unalienable Rights: Why the Federal Government is Required to Stop Abortion.
Used Book
Where Good Ideas Come From: The Natural History of Innovation book by Steven Johnson
New Book
The young church in action: A translation of the Acts of the Apostles
Used Book
The Passion Economy: The New Rules for Thriving in the Twenty-First Century book by Adam Davidson
New Book
The Sense of Style: The Thinking Person's Guide to Writing in the 21st Century book by Steven Pinker
New Book
365 Day Brighteners - Whispered Words of Encouragement
Like New
The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest Competitive Advantage book by Daymond John
New Book
Superlative: The Biology of Extremes book by Matthew D. LaPlante
Used Book
Gemba Kaizen: A Commonsense Approach to a Continuous Improvement Strategy book by Masaaki Imai
New Book
Poor Economics: The Surprising Truth about Life on Less Than $1 a Day by Abhijit V. Banerjee
New Book
HBR's 10 Must Reads on Nonprofits and the Social Sectors (featuring What Business Can Learn from Nonprofits by Peter F. Drucker)
New Book
The Vortex: Where the Law of Attraction Assembles All Cooperative Relationships book by Esther Hicks
New Book
Capitalism, Alone: The Future of the System That Rules the World book by Branko Milanovic
New Book
The American Heritage Dictionary of The English Language
Used Book