Why has China grown so fast for so long despite vast corruption?

In China's Gilded Age, Professor Ang argues that not all types of corruption hurt growth, nor do they cause the same kind of harm. Ang 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 challenges the way we think about corruption and capitalism, not only in China but around the world.

This is an excerpt, read by Alice Evans.

Professor Ang tweets @yuenyuenang

Book details: https://sites.lsa.umich.edu/yy-ang/chinas-gilded-age/