In Episode 4, Professor Ang explains why conventional linear theories of “growth first,” “good institutions first,” or “fortunate histories first” have all failed to explain how development actually happened, not only in China, but also elsewhere. Development is a three-step coevolutionary process, and the first step, she shows, is “using what you have”--local actors using indigenous resources and local knowledge to kick-start entrepreneurial activities.
Learn more at http://economicsofchina.org/
How can we understand the bright and dark sides of China’s gilded rise? Through the lens of American history.
In this seven-episode series, Yuen Yuen Ang explains how China escaped poverty and became the second largest economy in the world. Rejecting popular assumptions of Chinese exceptionalism, she shows that China’s path to a mixture of wealth and capitalist excesses is more like the American experience than most people think.
Produced by Matthew Kulvicki, Nick Alpha & Kurt Semm