Chinas Gilded Age

Download or read book China's Gilded Age written by Yuen Yuen Ang and published by Cambridge University Press. This book was released on 2020-05-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book How China Escaped the Poverty Trap written by Yuen Yuen Ang and published by Cornell University Press. This book was released on 2016-09-06 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.

Download or read book Red Roulette written by Desmond Shum and published by Simon and Schuster. This book was released on 2021-09-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.

Download or read book China's Wings written by Gregory Crouch and published by Bantam. This book was released on 2012-02-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book China’s Crony Capitalism written by Minxin Pei and published by Harvard University Press. This book was released on 2016-10-03 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Great Bronze Age of China written by Metropolitan Museum of Art (New York, N.Y.) and published by Metropolitan Museum of Art. This book was released on 1980 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes the Chinese Bronze Age, including the development of the Chinese state, writing, religion and architecture.