000			01927nam a22002297a 4500
005			20221219154300.0
008			221219b |||||||| |||| 00| 0 eng d
020			_a9781108478601
028			_a: Amazon.in _bNA _cNA _dNA
082			_a364.132 ANG
100			_aAng, Yuen Yuen.
245			_aChina's gilded age _b: the paradox of economic boom and vast corruption. _c/Yuen Yuen Ang.
260			_aNew York _b: Cambridge University Press _c, 2020.
300			_axv,257p. _c:26cm.
520			_aWhy has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang argues that not all types of corruption hurt growth, nor do they cause the same kind of harm. 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 anticorruption 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, not only in China but around the world."
650			_aCapitalism Moral and ethical aspects
650			_aChina
650			_aChina Politics and government
650			_aEconomic history
700			_aYuen Yuen Ang
942			_cIR
999			_c59841 _d59841