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How China Escaped the Poverty Trap: Author Yuen Yuen Ang: Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy. Today it has the world’s second largest economy, a robust and growing middle class, and is a key driver of global growth. What explains this rapid...

How China Escaped the Poverty Trap: Author Yuen Yuen Ang: Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy. Today it has the world’s second largest economy, a robust and growing middle class, and is a key driver of global growth. What explains this rapid...

FromNCUSCR Events


How China Escaped the Poverty Trap: Author Yuen Yuen Ang: Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy. Today it has the world’s second largest economy, a robust and growing middle class, and is a key driver of global growth. What explains this rapid...

FromNCUSCR Events

ratings:
Length:
68 minutes
Released:
May 5, 2017
Format:
Podcast Episode

Description

Before 1978, China was a poor country with a planned economy overseen by a Maoist bureaucracy. Today it has the world’s second largest economy, a robust and growing middle class, and is a key driver of global growth. What explains this rapid transformation? In her new book, How China Escaped the Poverty Trap, Yuen Yuen Ang traces the joint evolution of the economy and governance, describing how China employed a strategy of “directed improvisation” to harness weak institutions to build markets, which in turn stimulated the growth of strong institutions; they then preserved markets. Dr. Ang compares China’s reform experience to late medieval Europe, pre-Civil War America, and contemporary Nigeria.  Dr. Ang is an assistant professor of political science at the University of Michigan, where she studies developing countries, emerging markets, and China. On February 22, she joined National Committee President Stephen Orlins in New York City for a discussion of her book, its striking conclusions about China’s development path, implications for our understanding of Western history, and how others can escape the poverty trap.  Yuen Yuen Ang is assistant professor of Political Science at the University of Michigan. Her research features a unique blend of international development, complex systems, and Chinese political economy. Her first book, How China Escaped the Poverty Trap (2016), was published by the political economy series of Cornell University Press.
Released:
May 5, 2017
Format:
Podcast Episode