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How China Escaped the Poverty Trap

by Yuen Yuen Ang

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: “stimulate growth first,” “build good institutions first,” or “some fortunate nations inherited good institutions that led to growth.” Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mec

Publisher

Cornell University Press

Publication date

2016

Format

Print edition

Pages

344

ISBN

9781501700200