Part of the Rising Powers Intiative's Asian Economic Challenges Series
According to conventional wisdom, rising corruption reduces economic growth. And yet, between 1978 and 2010, even as officials were looting state coffers, extorting bribes, raking in kickbacks, and scraping off rents at unprecedented rates, the Chinese economy grew at an average annual rate of 9 percent. In Double Paradox, Andrew Wedeman seeks to explain why the Chinese economy performed so well despite widespread corruption at almost kleptocratic levels.
Andrew Wedeman is Professor of Political Science at Georgia State University. He is the author of From Mao to Market: Rent Seeking, Local Protectionism, and Marketization in China and The East Wind Subsides: Chinese Foreign Policy and the Origins of the Cultural Revolution.
Please RSVP at go.gwu.edu/wedeman.