02734nam a22002417a 4500 56007 56007 20200115112548.0 191125b ||||| |||| 00| 0 eng d 9781501700200 Brijwasi Book Distributors ;H-87,Lalita Park,Laxmi Nagar,Delhi-110092 ;BW/005587 ;13/11/2019 338.951 ANG Yuen Yuen Ang How China escaped the poverty trap /Yuen Yuen Ang Ithaca : Cornell University Press , 2016. xvi,326 Pages ;25 cm 2019 Cornell studies in political economy. Mapping coevolution -- Directed improvisation -- Balancing variety and uniformity -- Franchising the bureaucracy -- From building to preserving markets -- Connecting first-movers and laggards -- Conclusion : how development actually happened beyond China. 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. Social Sciences China -- Economic conditions -- 1976-2000. Yuen Yuen Ang BOOK 0 0 ddc 0 0 SNUL SNUL 2019-11-25 Brijwasi Book Distributors 2019.00 3 2 338.951 ANG 27093 2026-11-21 2026-10-19 14:39:06 2026-10-19 2019-11-25 BOOK