Format:
1 Online-Ressource (xiii, 257 pages)
,
illustrations
Edition:
Online-Ausg.
ISBN:
0801450462
,
080147776X
,
0801464277
,
9780801450464
,
9780801477768
,
9780801464270
Content:
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. Wedeman finds that the Chinese economy was able to survive predatory corruption because corruption did not explode until after economic reforms had unleashed dynamic growth. To a considerable extent corruption was also a by-product of the transfer of undervalued assets from the state to the emerging private and corporate sectors and a scramble to capture the windfall profits created by their transfer. Perhaps most critically, an anticorruption campaign, however flawed, has proved sufficient to prevent corruption from spiraling out of control. Drawing on more than three decades of data from China-as well as examples of the interplay between corruption and growth in South Korea, Taiwan, Equatorial Guinea, and other nations in Africa and the Caribbean-Wedeman cautions that rapid growth requires not only ongoing and improved anticorruption efforts but also consolidated and strengthened property rights
Content:
""Double Paradox ""; ""Contents""; ""Preface and Acknowledgments""; ""1. A Double Paradox""; ""2. Developmental Corruption""; ""3. Degenerative Corruption""; ""4. Sequencing and Corruption""; ""5. Systemic Transition and Corruption""; ""6. Anticorruption and Corruption""; ""7. Controlling Corruption and Sustaining Rapid Growth""; ""Notes""; ""Index
Note:
Includes bibliographical references and index
,
In English
Additional Edition:
Erscheint auch als Druck-Ausgabe Wedeman, Andrew Hall, 1958- Double paradox Ithaca : Cornell University Press, 2012
Language:
English
URL:
Volltext
(lizenzpflichtig)
