Why has China's economy boomed despite rampant corruption?

In her new book China's Gilded Age, political scientist Yuen Yuen Ang answers this question by challenging conventional wisdom that corruption necessarily hurts economic growth.

Marshaling a range of new evidence from China and other countries, she argues that China has curtailed forms of corruption that directly inhibit entrepreneurial growth, even as elite exchanges of power and wealth have exploded.

The ongoing structural evolution in China parallels America's Gilded Age in the late 19th century but with one key distinction—the absence of democratic checks.

Yuen Yuen Ang​is Associate Professor of political science at the University of Michigan. Her previous books include How China Escaped the Poverty Trap, which won several academic prizes and was named among the "Best of Books 2017" by Foreign Affairs.

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