Double Paradox: Rapid Growth and Rising Corruption in China

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Double Paradox: Rapid Growth and Rising Corruption in China

Double Paradox: Rapid Growth and Rising Corruption in China by Andrew Wedeman  ISBN 978-0801477768 about 20 dollars.

Dr. Wedeman has done a fine job with a readable book for anyone interested in the double paradox of high growth and high corruption, economic or working in China as this editors has.

The “paradox” is how come the economic theory that a nation whose economy is riddled with corruption will ultimately fail, does not seem to hold in the case of modern China?

The high corruption in the US during industrialization in the US,, Japan and Korea are all used by the author as a helpful as comparisons for the reader.  How some have survived and how some – like Argentina – collapsed.

The author seems hopeful that in time China will come out of the high corruption and in time it might – but history and my experience I feel less hopeful.  But I’ll rant on Chinese Corruption and what I see a san endgame in another edition or maybe even on the AACI’s web site.

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