02634cam a2200313 i 4500001001300000003000600013007000300019008004100022020002500063020002200088035002200110050002600132100002800158245009300186260005600279300004100335504005100376505022400427520124300651650005301894650004301947650006201990650005202052651004202104651003802146942001202184952011102196999001302307on1144725514OCoLCta210202s2020 enka b 001 0 eng  a9781108478601 (hbk.) a1108478603 (hbk.) a(OCoLC)1144725514 aJQ1509.5.C6bA54 20201 aAng, Yuen Yuen, d1979-10aChina's gilded age :bthe paradox of economic boom and vast corruption /cYuen Yuen Ang. aCambridge, UK :bCambridge University Press,c2020. axv, 257 p. :bill. (black and white) aIncludes bibliographical references and index.0 aIntroduction : China's gilded age -- Unbundling corruption across countries -- Unbundling corruption over time -- Profit-sharing, Chinese style Corrupt & Competent -- All the king's men -- Rethinking nine big questions. a"Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang argues that not all types of corruption hurt growth, nor do they cause the same kind of harm. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money--elite exchanges of power and profit--cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anticorruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption, not only in China but around the world."-- 4aPolitical corruption xEconomic aspects zChina. 4aCorruption xEconomic aspects zChina. 4aEconomic development xMoral and ethical aspects zChina. 4aCapitalism xMoral and ethical aspects zChina. 4aChinaxPolitics and governmenty2002- 4aChinaxEconomic conditionsy2000- 2lcccBK 00104070aPNLIBbPNLIBcGENd2021-06-17oJQ1509.5.C6 A54 2020pPNLIB21060005r2021-06-17w2021-06-17yBK c191d191