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Episode:

Yuen Yuen Ang: How China Escaped the Poverty Trap

Category: Government & Organizations
Duration: 00:14:39
Publish Date: 2017-05-05 14:50:26
Description:

In her new book, How China Escaped the Poverty Trap, Yuen Yuen Ang traces the joint evolution of China’s economy and governance, describing how China employed a strategy of “directed improvisation” to harness weak institutions to build markets, which in turn stimulated the growth of strong institutions; they then preserved markets. Dr. Ang compares China’s reform experience to late medieval Europe, pre-Civil War America, and contemporary Nigeria. 

Dr. Ang is an assistant professor of political science at the University of Michigan, where she studies developing countries, emerging markets, and China. On February 22, she joined National Committee President Stephen Orlins in New York City for a discussion of her book, its striking conclusions about China’s development path, implications for our understanding of Western history, and how others can escape the poverty trap. 

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