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How China Escaped the Poverty Trap
by
Yuen Yuen Ang
February 24, 2017 10:00 a.m.–11:00 a.m. UC Irvine School of Law
Room 3500 (Map)
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| Professor Yuen Yuen Ang (University of Michigan) will give a talk on her book, How China Escaped the Poverty Trap, in which she tackles a long-standing problem in development: Is it strong institutions of good governance that leads to economic growth, or growth itself that enables strong institutions?
Ang reveals that this chicken-and-egg debate is false. Drawing on deep historical evidence, she shows that development is in fact a coevolutionary (mutually causal) process that occurs in three reciprocal steps: harness existing weak institutions to build markets > emerging markets stimulate strong institutions > strong institutions preserve markets.
In China, underlying this adaptive process of development is a system that she calls “directed improvisation.” In her talk, Ang will discuss her book’s striking conclusions about China’s development path, its implications for rethinking Western history and the norms of international development, and how other countries may escape the poverty trap. |
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| About the Speaker
Yuen Yuen Ang is Assistant Professor of Political Science at the University of Michigan. Her research features a unique blend of international development, Chinese political economy, and complex systems. Her first book, How China Escaped the Poverty Trap (2016), was published by the political economy series of Cornell University Press. More information > |
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