China's Gilded Age: The Paradox of Economic Boom and Vast Corruption

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China's Gilded Age: The Paradox of Economic Boom and Vast CorruptionDESCRIPTION : 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

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2024 COUNTRY OF PUBLICATION : United Kingdom IMPRINT : Cornerstone Press LANGUAGE : English AGE : General PRODUCT FORM : Paperback / softback DIMENSION : 234 mm x 153 mm

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