The paradox of vast corruption and fast growth in China's "Gilded Age"

If corruption is a drag on economic growth, why does China appear to have undergone some of its fastest growth during its periods of deepest corruption? This week on Sinica, Kaiser chats with Yuen Yuen Ang, an associate professor of political science at the University of Michigan, about her book China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption, which sets out to explain this apparent contradiction. The author highlights the inadequacies of existing measures of corruption, suggests her own alternative means of measuring it, and explains how the prevalence of one particular form of corruption — what she calls “access money” — is something China has in common with the United States in the age of robber barons.5:00: A typology of corruption, and how drugs are a useful analogy10:05: Why all corruption is ultimately bad for a country20:25: Is the “revolving door” in the U.S. equivalent to access money corruption?27:44: The relationship between corruption and regime type41:45: Profit-sharing with Chinese characteristics59:37: Xi Jinping’s anti-corruption drive: are officials spared because of performance, or patronage?RecommendationsYuen Yuen: The documentary film Generation Wealth Kaiser: The Netflix miniseries The Chair  and the podcast Chinese Whispers by Cindy YuSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.