How China Escaped the Poverty Trap

How China Escaped the Poverty Trap

by Yuen Yuen Ang

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Overview

How China Escaped the Poverty Trap by Yuen Yuen Ang

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.

Product Details

ISBN-13: 9781501700200
Publisher: Cornell University Press
Publication date: 09/06/2016
Series: Cornell Studies in Political Economy Series
Edition description: New Edition
Pages: 344
Sales rank: 804,821
Product dimensions: 6.00(w) x 9.10(h) x 1.30(d)
Age Range: 18 Years

About the Author

Yuen Yuen Ang is Assistant Professor of Political Science at the University of Michigan. She is a winner of the 2014 GDN Next Horizons Essay Contest on "The Future of Development Assistance," sponsored by the Bill and Melinda Gates Foundation.

Table of Contents

Introduction: How Did Development Actually Happen?
Part 1 FRAMEWORK AND BUILDING BLOCKS
1. Mapping Coevolution
2. Directed Improvisation
Part 2 DIRECTION
3. Balancing Variety and Uniformity
4. Franchising the Bureaucracy
Part 3 IMPROVISATION
5. From Building to Preserving Markets
6. Connecting First Movers and Laggards
Conclusion: How Development Actually Happened Beyond China
Appendix A: Steps for Mapping Coevolution
Appendix B: Interviews

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