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How China Escaped the Poverty Trap (Hardcover)
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How China Escaped the Poverty Trap (Hardcover)
Series: Cornell Studies in Political Economy
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Acclaimed as "game changing" and "field shifting," How China
Escaped the Poverty Trap advances a new paradigm in the political
economy of development and sheds new light on China's rise. How can
poor and weak societies escape poverty traps? Political economists
have traditionally offered three answers: "stimulate growth first,"
"build good institutions first," or "some fortunate nations
inherited good institutions that led to growth." Yuen Yuen Ang
rejects all three schools of thought and their underlying
assumptions: linear causation, a mechanistic worldview, and
historical determinism. Instead, she launches a new paradigm
grounded in complex adaptive systems, which embraces the reality of
interdependence and humanity's capacity to innovate. Combining this
original lens with more than 400 interviews with Chinese
bureaucrats and entrepreneurs, Ang systematically reenacts the
complex process that turned China from a communist backwater into a
global juggernaut in just 35 years. Contrary to popular
misconceptions, she shows that what drove China's great
transformation was not centralized authoritarian control, but
"directed improvisation"-top-down directions from Beijing paired
with bottom-up improvisation among local officials. Her analysis
reveals two broad lessons on development. First, transformative
change requires an adaptive governing system that empowers
ground-level actors to create new solutions for evolving problems.
Second, the first step out of the poverty trap is to "use what you
have"-harnessing existing resources to kick-start new markets, even
if that means defying first-world norms. Bold and meticulously
researched, How China Escaped the Poverty Trap opens up a whole new
avenue of thinking for scholars, practitioners, and anyone seeking
to build adaptive systems.
General
Imprint: |
Cornell University Press
|
Country of origin: |
United States |
Series: |
Cornell Studies in Political Economy |
Release date: |
October 2016 |
Authors: |
Yuen Yuen Ang
(Associate Professor)
|
Dimensions: |
229 x 152 x 30mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
344 |
ISBN-13: |
978-1-5017-0020-0 |
Categories: |
Books >
Business & Economics >
Economics >
Political economy
|
LSN: |
1-5017-0020-0 |
Barcode: |
9781501700200 |
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