Rapid Growth and Rising Corruption in China
by
Andrew Wedeman
Language: English
Release Date: April 3, 2012
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....