How China Escaped the Poverty Trap by Ang, Yuen Yuen

How China Escaped the Poverty Trap

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate...
CHF 51.99
CHF 51.99
SKU: 9798212399876
Product Type: Audiobooks
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Author: Yuen Yuen Ang
Format: MP3 CD
Language: English
Subtotal: CHF 51.99
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How China Escaped the Poverty Trap by Ang, Yuen Yuen

How China Escaped the Poverty Trap

CHF 51.99

How China Escaped the Poverty Trap

CHF 51.99
Author: Yuen Yuen Ang
Format: MP3 CD
Language: English
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 mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate. Her analysis reveals two broad lessons on development. First, transformative change requires an adaptive governing system that empowers ground-level actors to create new solutions for evolving problems. Second, the first step out of the poverty trap is to "use what you have"--harnessing existing resources to kick-start new markets, even if that means defying first-world norms. Bold and meticulously researched, How China Escaped the Poverty Trap opens up a whole new avenue of thinking for scholars, practitioners, and anyone seeking to build adaptive systems.

Author: Yuen Yuen Ang
Publisher: Tantor Audio
Published: 11/22/2022
Binding Type: MP3 CD
ISBN: 9798212399876
Audience: Young Adult

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