{"product_id":"how-china-escaped-the-poverty-trap-9781501700200","title":"How China Escaped the Poverty Trap","description":"\u003cp\u003eBefore markets opened in 1978, China was an impoverished planned economy governed by a Maoist bureaucracy. In just three decades it evolved into the world's second-largest economy and is today guided by highly entrepreneurial bureaucrats. In \u003cem\u003eHow China Escaped the Poverty Trap\u003c\/em\u003e, Yuen Yuen Ang explains this astonishing metamorphosis. Rather than insist that either strong institutions of good governance foster markets or that growth enables good governance, Ang lays out a new, dynamic framework for understanding development broadly. Successful development, she contends, is a coevolutionary process in which markets and governments mutually adapt.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eBy mapping this coevolution, Ang reveals a startling conclusion: poor and weak countries can escape the poverty trap by first harnessing weak institutions--features that defy norms of good governance--to build markets. Further, she stresses that adaptive processes, though essential for development, do not automatically occur. Highlighting three universal roadblocks to adaptation, Ang identifies how Chinese reformers crafted enabling conditions for effective improvisation. \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003cem\u003eHow China Escaped the Poverty Trap\u003c\/em\u003e offers the most complete synthesis to date of the numerous interacting forces that have shaped China's dramatic makeover and the problems it faces today. Looking beyond China, Ang also traces the coevolutionary sequence of development in late medieval Europe, antebellum United States, and contemporary Nigeria, and finds surprising parallels among these otherwise disparate cases. Indispensable to all who care about development, this groundbreaking book challenges the convention of linear thinking and points to an alternative path out of poverty traps.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eYuen Yuen Ang is an Andrew Carnegie Fellow and the inaugural recipient of the Theda Skocpol Prize for Emerging Scholar, awarded by the American Political Science Association.\u003c\/p\u003e\u003cbr\u003e","brand":"Comstock Book","offers":[{"title":"Default Title","offer_id":50853600461074,"sku":"9781501700200","price":159.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_c85d89e3-6b81-409b-a6c2-f53a10bae88a.jpg?v=1737452259","url":"https:\/\/surprise-castle.myshopify.com\/products\/how-china-escaped-the-poverty-trap-9781501700200","provider":"Surprise Castle","version":"1.0","type":"link"}