000			02734nam a22002417a 4500
999			_c56007 _d56007
005			20200115112548.0
008			191125b ||||| |||| 00| 0 eng d
020			_a9781501700200
028			_aBrijwasi Book Distributors _b;H-87,Lalita Park,Laxmi Nagar,Delhi-110092 _c;BW/005587 _d;13/11/2019
082			_a338.951 ANG
100			_aYuen Yuen Ang
245			_aHow China escaped the poverty trap _c/Yuen Yuen Ang
260			_aIthaca _b: Cornell University Press _c, 2016.
300			_axvi,326 Pages _c;25 cm
365			_b2019
490			_aCornell studies in political economy.
505			_a 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.
520			_aBefore 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.
650			_aSocial Sciences
655			_aChina -- Economic conditions -- 1976-2000.
700			_aYuen Yuen Ang
942			_cBOOK