![]() This obviously leads to a “chicken and egg” problem (metaphorically, this is not about real chickens (or cash)). ![]() Her framing of the fundamental problem is the conventional wisdom is that good institutions lead to greater wealth through higher levels of productivity and that greater wealth leads to better institutions. Her most recent book is How China Escaped the Poverty Trap, which is an original and insightful take on what is perhaps the biggest development puzzle of my lifetime: how did China escape from long-term stagnation and political chaos into the fastest and longest and most poverty reducing burst of economic growth in the history of humankind? Yuen-Yuen Ang, a Professor of Political Science at University of Michigan came to speak at Harvard the other day and I was lucky enough to hear her presentation. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
May 2023
Categories |