Author: Yuen Yuen Ang
Publisher: Cambridge University Press
ISBN: 1108802389
Category : Political Science
Languages : en
Pages : 275
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Book Description
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: 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 ways: 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.
Author: Yuen Yuen Ang
Publisher: Cambridge University Press
ISBN: 1108478603
Category : History
Languages : en
Pages : 275
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Book Description
Unbundles corruption into different types, examining corruption as access money in China through a comparative-historical lens.
Author: Yuen Yuen Ang
Publisher: Cambridge University Press
ISBN: 9781108745956
Category : Political Science
Languages : en
Pages : 273
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Book Description
Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: 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 ways: 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.
Author: Yuen Yuen Ang
Publisher: Cornell University Press
ISBN: 1501706403
Category : History
Languages : en
Pages : 345
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Book Description
WINNER OF THE 2017 PETER KATZENSTEIN BOOK PRIZE "BEST OF BOOKS IN 2017" BY FOREIGN AFFAIRS WINNER OF THE 2018 VIVIAN ZELIZER PRIZE BEST BOOK AWARD IN ECONOMIC SOCIOLOGY "How China Escaped the Poverty Trap truly offers game-changing ideas for the analysis and implementation of socio-economic development and should have a major impact across many social sciences." ― Zelizer Best Book in Economic Sociology Prize Committee 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.
Author: Desmond Shum
Publisher: Simon and Schuster
ISBN: 1982156155
Category : Biography & Autobiography
Languages : en
Pages : 320
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Book Description
"THE BOOK CHINA DOESN'T WANT YOU TO READ."--CNN A riveting insider's story of how the Party and big money work in China today, by a man who, with his wife, Whitney Duan, rose to the zenith of power and wealth--and then fell out of favor. She was disappeared four years ago. News of this book led to a phone call from Whitney, proof that she's alive. As Desmond Shum was growing up impoverished in China, he vowed his life would be different. Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China's Communist Party, the so-called red aristocracy, he vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing's premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art. But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers. This is both Desmond's story and Whitney's, because she has not been able to tell it herself.
Author: Minxin Pei
Publisher: Harvard University Press
ISBN: 0674737296
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
China’s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.
Author: Eric Jay Dolin
Publisher: W. W. Norton & Company
ISBN: 0871404338
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
Traces the history of the relationship between America and China back to its earliest days, when the United States traded with China for furs, opium, and rare sea cucumbers, but left an ecological and human rights disaster that still reverberates today.
Author: Gregory Crouch
Publisher: Bantam
ISBN: 034553235X
Category : History
Languages : en
Pages : 545
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Book Description
From the acclaimed author of Enduring Patagonia comes a dazzling tale of aerial adventure set against the roiling backdrop of war in Asia. The incredible real-life saga of the flying band of brothers who opened the skies over China in the years leading up to World War II—and boldly safeguarded them during that conflict—China’s Wings is one of the most exhilarating untold chapters in the annals of flight. At the center of the maelstrom is the book’s courtly, laconic protagonist, American aviation executive William Langhorne Bond. In search of adventure, he arrives in Nationalist China in 1931, charged with turning around the turbulent nation’s flagging airline business, the China National Aviation Corporation (CNAC). The mission will take him to the wild and lawless frontiers of commercial aviation: into cockpits with daredevil pilots flying—sometimes literally—on a wing and a prayer; into the dangerous maze of Chinese politics, where scheming warlords and volatile military officers jockey for advantage; and into the boardrooms, backrooms, and corridors of power inhabited by such outsized figures as Generalissimo and Madame Chiang Kai-shek; President Franklin Delano Roosevelt; foreign minister T. V. Soong; Generals Arnold, Stilwell, and Marshall; and legendary Pan American Airways founder Juan Trippe. With the outbreak of full-scale war in 1941, Bond and CNAC are transformed from uneasy spectators to active participants in the struggle against Axis imperialism. Drawing on meticulous research, primary sources, and extensive personal interviews with participants, Gregory Crouch offers harrowing accounts of brutal bombing runs and heroic evacuations, as the fight to keep one airline flying becomes part of the larger struggle for China’s survival. He plunges us into a world of perilous night flights, emergency water landings, and the constant threat of predatory Japanese warplanes. When Japanese forces capture Burma and blockade China’s only overland supply route, Bond and his pilots must battle shortages of airplanes, personnel, and spare parts to airlift supplies over an untried five-hundred-mile-long aerial gauntlet high above the Himalayas—the infamous “Hump”—pioneering one of the most celebrated endeavors in aviation history. A hero’s-eye view of history in the grand tradition of Lynne Olson’s Citizens of London, China’s Wings takes readers on a mesmerizing journey to a time and place that reshaped the modern world.
Author: Andrew H. Wedeman
Publisher: Cornell University Press
ISBN: 0801464749
Category : Political Science
Languages : en
Pages : 273
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Book Description
According to conventional wisdom, rising corruption reduces economic growth. And yet, between 1978 and 2010, even as officials were looting state coffers, extorting bribes, raking in kickbacks, and scraping off rents at unprecedented rates, the Chinese economy grew at an average annual rate of 9 percent. In Double Paradox, Andrew Wedeman seeks to explain why the Chinese economy performed so well despite widespread corruption at almost kleptocratic levels. Wedeman finds that the Chinese economy was able to survive predatory corruption because corruption did not explode until after economic reforms had unleashed dynamic growth. To a considerable extent corruption was also a by-product of the transfer of undervalued assets from the state to the emerging private and corporate sectors and a scramble to capture the windfall profits created by their transfer. Perhaps most critically, an anti-corruption campaign, however flawed, has proved sufficient to prevent corruption from spiraling out of control. Drawing on more than three decades of data from China—as well as examples of the interplay between corruption and growth in South Korea, Taiwan, Equatorial Guinea, and other nations in Africa and the Caribbean—Wedeman cautions that rapid growth requires not only ongoing and improved anticorruption efforts but also consolidated and strengthened property rights.
Author: Kishore Mahbubani
Publisher: PublicAffairs
ISBN: 1541768124
Category : Political Science
Languages : en
Pages : 320
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Book Description
The defining geopolitical contest of the twenty-first century is between China and the US. But is it avoidable? And if it happens, is the outcome already inevitable? China and America are world powers without serious rivals. They eye each other warily across the Pacific; they communicate poorly; there seems little natural empathy. A massive geopolitical contest has begun. America prizes freedom; China values freedom from chaos.America values strategic decisiveness; China values patience.America is becoming society of lasting inequality; China a meritocracy.America has abandoned multilateralism; China welcomes it. Kishore Mahbubani, a diplomat and scholar with unrivalled access to policymakers in Beijing and Washington, has written the definitive guide to the deep fault lines in the relationship, a clear-eyed assessment of the risk of any confrontation, and a bracingly honest appraisal of the strengths and weaknesses, and superpower eccentricities, of the US and China.
