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Double Paradox: Rapid Growth and Rising Corruption China
Barnes and Noble
Double Paradox: Rapid Growth and Rising Corruption China
Current price: $130.00
Barnes and Noble
Double Paradox: Rapid Growth and Rising Corruption China
Current price: $130.00
Size: Hardcover
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According to conventional wisdom, rising corruption reduces economic growth. And yet, between 1978 and 2010, even as officials were looting state coffers, extorting bribes, raking in kickbacks, and scraping off rents at unprecedented rates, the Chinese economy grew at an average annual rate of 9 percent. In Double Paradox, Andrew Wedeman seeks to explain why the Chinese economy performed so well despite widespread corruption at almost kleptocratic levels.