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    China's Gilded Age: The Paradox of Economic Boom and Vast Corruption Gebundene Ausgabe – 31. Juli 2020

    4,4 von 5 Sternen (105)

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    Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she 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 changes the way we think about corruption and capitalism, not only in China but around the world.

    Produktbeschreibungen

    Pressestimmen

    "She's incredibly thorough - digging into official stats, media reports, interviewing 400 people and building new databases from scratch to lift the veil on an elusive issue - how corruption works under autocracy.' Duncan Green, author of From Poverty to Power

    '... an extraordinary piece.' Joseph Pozsgai-Alvarez, Governance

    'China's Gilded Age presents the most sophisticated analysis of corruption to date.' Diego Castañeda Garza, London School of Economics Review of Books

    '... Ang's book provides a very rich basis for economists as well as for scholars interested in governance and corruption to embark on this path.' Carolin Kautz, Journal of Chinese Political Science

    '... Yuen Yuen Ang has produced an extraordinary piece of scholarly work that will significantly impact the way anticorruption research is done in the future.' Joseph Pozsgai‐Alvarez, Governance

    'A thought-provoking new book... The book is not a defence of corruption. Like steroids, access money promotes unbalanced growth, it notes.' David Rennie, The Economist

    'An important book not only for many who try to understand the roots of China's success but for a much more sober and less Western-centric view of corruption.' Branko Milanovic, Global Policy

    'Both Xi Jinping and critics of the Chinese government agree corruption is bad for development. Transgressing this simplistic notion, Ang shows that not all corruption is equally bad for growth. Her brilliant analysis explains China's hyper growth and warns of the troubles ahead.' Ho-fung Hung, John Hopkins University

    'Skillfully unbundling forms of corruption and placing China's 'Gilded Age' firmly in comparative and historical perspective, Yuen Yuen Ang brings a fresh and penetrating new perspective to one of the central puzzles of the current era - and reminds Americans of the deep-seated corruption of their own early period of rapid industrialization.' Andrew G. Walder, Stanford University

    'This book will generate substantial debate. Ang stakes out a unique position in the debate over the role of corruption in China's economic development and the effect it will have on China's future. Ang makes a valuable contribution in unbundling corruption, methodically demonstrating the ways that both corruption and corrupt actors differ. After reading this book, no one should be able to maintain that corruption is a unitary phenomenon; it manifests itself in many ways.' Philip Nichols, Wharton School of the University of Pennsylvania

    'This path-breaking study will change how we think about the link between corruption and growth ... original and convincing.' Bruce Dickson, George Washington University

    'Yuen Yuen Ang has emerged as her generation's leading analyst and public interpreter of China's development experience, and the distinctive strategies underpinning it. Her latest offering is broadly important, intellectually solid, immensely interesting and uniquely accessible to scholars, lay readers and practitioners alike. It will be an academic blockbuster.' Michael Woolcock, World Bank and Harvard University

    Werbetext

    Unbundles corruption into different types, examining corruption as access money in China through a comparative-historical lens.

    Produktinformation

    • Herausgeber ‏ : ‎ Cambridge University Press
    • Erscheinungstermin ‏ : ‎ 31. Juli 2020
    • Sprache ‏ : ‎ Englisch
    • Seitenzahl der Print-Ausgabe ‏ : ‎ 257 Seiten
    • ISBN-10 ‏ : ‎ 1108478603
    • ISBN-13 ‏ : ‎ 978-1108478601
    • Abmessungen ‏ : ‎ 15.24 x 1.91 x 22.86 cm
    • Amazon Bestseller-Rang: Nr. 2.870.904 in Bücher (Siehe Top 100 in Bücher)
    • Kundenrezensionen:
      4,4 von 5 Sternen (105)

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    Yuen Yuen Ang
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    4,4 von 5 Sternen
    105 weltweite Bewertungen

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    • Tolvanen Perttu
      5,0 von 5 Sternen Excellent classification of different types of corruption
      Bewertet in den USA am25. Juli 2020
      Formatieren: KindleVerifizierter Kauf
      This book has a very good structure and few very useful insights regarding classification of different corruption types. It is very scientific in its approach, yet easy to follow and comprehend. I especially liked the concept of ”access money” which is the most important form of corruption in China. However, the same category is also major category in many western countries.

      This is a very good book for anyone interested in understanding how elite level corruption works and how it should be seen as a separate category from low level corruption, which tends to dominate discussion and rankings of this topic.

      In addition, the book has excellent list of references which is useful for researchers and others interested of the topic.
      Melden
    • algo41
      5,0 von 5 Sternen important and engaging
      Bewertet in den USA am29. Mai 2022
      Formatieren: KindleVerifizierter Kauf
      The author makes a convincing case for her important thesis in a surprisingly engaging and easy to read book. Ang pulls no punches in criticizing her fellow academics, whose lack of in country investigations helps lead them astray. Ang focuses on China, where bureaucrats make relatively little in nominal salary, but in a form of profit sharing receive bonuses and other perks based on the level of taxes and legal fees collected - so they are reasonably well paid, with total payments depending on how well their area is doing economically. Combined with reforms instituted by Premier Zhe Rongii, such as replacing cash fees with electronic direct deposit, there is relatively little theft and extortion. I was unfamiliar with Zhe Rongii and the important contributions he made to accelerating China’s GDP growth.

      The corruption that exists in China is transactional and mostly based on access to government contracts and bank loans. This kind of corruption is not ideal of course: besides its unfairness, the allocation of capital may be inefficient and lead to riskier, unbalanced forms of growth; I would also think it might sometimes cause shoddier project execution. Still, it is in the interests of the bureaucrats to ally with effective businessmen, and for the businessmen to channel their investments to areas with effective political leaders. Ang draws parallels between modern China and America’s “gilded age” of the late nineteenth century, also characterized by much corruption and fast growth. Incidentally, she does not equate corruption and illegality: in the U.S. corruption today typically manifests in regulatory capture, and laws influenced by campaign contributions and other forms of special interest lobbying.

      Following from Ang’s ideas, corruption must be distinguished by whether it is high level and/or low level, and whether it is in the form of theft/extortion or transactional – a bribe to cut through red tape would be transactional. While Ang uses expert opinion for measurement of corruption in various countries, recognizing the limits of this kind of scoring, in collecting opinion she provides the experts with subcategories of each type of corruption and vignettes to better illustrate what they are attempting to score. Ang uses some other forms of measurement to buttress her conclusions.

      Ang attempts to measure whether Xi Jinping’s war on corruption is primarily political, and concludes that it is; the likelihood of a city leader being charged correlates strongly on who their higher level mentor was. While I do not doubt her conclusion, it could theoretically be that more corrupt higher level administrators have more corrupt lower level administrators working for them.
    • Shib
      3,0 von 5 Sternen Solid yet unsatisfactory contribution to social science
      Bewertet in den USA am26. Januar 2024
      Formatieren: TaschenbuchVerifizierter Kauf
      The idea that the effect of corruption on economic growth depends on the type of corruption is not at all new. It's in fact at least 30 years old now at this point. Ang's biggest contribution in the book is documenting how the dominant type of corruption in China evolved rapidly in a matter of decades from the type of corruption that impedes growth to the type of corruption that spurs growth. Save for this contribution, all of Ang's other alleged contributions to social science are cursory and unoriginal.

      Given that the only interesting observation made in the book is how rapidly the dominant type of corruption evolved in China from one that impedes growth to one that fuels growth, the success of the book rides on her explanation for why the change was so swift and sweeping. But her explanations are beyond disappointing.

      She claims China succeeded in changing its pattern of corruption because China implemented reforms. But that is not at all unique to China.

      She claims China succeeded because China centralized its politics and bureaucracy. But she spares not a single sentence on ruling out the possibility that the latent factors that enabled the quick and thorough centralization could also be what enabled the swift and sweeping change in the patterns of corruption. For example, it is as if history began after WW2 to Ang. China arguably has the world's grandest history of political and bureaucratic centralization that stretches back thousands of years. But Ang displays tremendous intellectual fortitude in ignoring this cultural heritage.

      One may consider my critiques unfair given how I am criticizing the book for what I wanted it to be. But note that I'm simply criticizing the book for its scant evidence and logical fallacies for the most (and I would argue only) substantively interesting point in the book.

      Last but not least, her statistical analysis leaves much to be desired. In her regression that compares bureaucrats backed by patrons shown to be corrupt with bureaucrats backed by patrons not shown to be corrupt (i.e. regression where the treatment variable is whether a bureaucrat's patron has been shown to be corrupt), Ang makes a rather Panglossian assumption that the error term of the regression model will be uncorrelated with the treatment variable.
    • Amazon Customer
      5,0 von 5 Sternen Concise, Original and Thought Provoking
      Bewertet in den USA am6. Dezember 2021
      Formatieren: KindleVerifizierter Kauf
      The separation of corruption into four general types, with heavy emphasis on the 4th type, "access money", provides many insights into Chinese Politics and their economy. The author makes a strong case that this type of corruption is endemic to all economies, especially in Western capitalist economies, which some might mistakenly think are beyond corruption. The concept of access money dovetails nicely into the concepts of regulatory capture and influence peddling which haunt US institutions and other western bureaucracies.
    • Jerico Zambrano
      5,0 von 5 Sternen Una lectura imperdible
      Bewertet in den USA am16. Juni 2022
      Formatieren: KindleVerifizierter Kauf
      Este libro analiza desde la propia China lo que califica como la “revolución del dinero digital” en ese país, la cual explica que probablemente sea la primera gran economía cuyo Banco Central emita una moneda digital (CBDC, o central bank digital currency).

      Richard Turrin aborda en detalle los pros y contras de la CBDC, así como los posibles modelos de adopción y formas de funcionamiento. El relato puede ponerse muy técnico, a ratos, pero es el costo inevitable de explicar sistemas complejos, incluso para el lector entendido (que no es mi caso).

      Según el autor, no se trata de que la CBDC china amenace la hegemonía del dólar estadounidense a nivel mundial -al menos no por un buen tiempo-, y sin duda los sistemas y tecnologías variarán en cada país. Más bien se trata de entender que pronto podría ser posible que los socios comerciales de Beijing experimenten las mismas ventajas de contar con transferencias digitales más baratas e inmediatas de las que hoy disfrutan los ciudadanos chinos en su vida diaria, gracias al ecosistema que han creado gigantes tecnológicos de pagos como Alipay (de Alibaba) y WeChat Pay (de Tencent).