How Exceptional Is China’s Crony-Capitalist Boom?
In both the U.S. and China, corruption has evolved over time from thuggery and theft to more sophisticated exchanges of power and profit.
Yuen Yuen Ang, Professor of Political Economy at Johns Hopkins University, is the author of How China Escaped the Poverty Trap (Cornell University Press, 2016) and China’s Gilded Age (Cambridge University Press, 2020). Ang has been featured in The Diplomat, and written for Foreign Affairs, The Wall Street Journal and Project Syndicate.