Podcast: What the West Doesn’t Understand About China’s Economy—A Lot!
Rising debt, lagging growth, and widespread corruption are usually considered detrimental to a country’s economy. However, in this week’s Asia Unbound podcast, Senior Fellow at the Carnegie Asia program Yukon Huang challenges conventional wisdom, even arguing that corruption has been beneficial for China’s economic growth.
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- Elizabeth C. EconomyHoover Institution, Stanford University
Show Notes
Rising debt, lagging growth, and widespread corruption are usually considered detrimental to a country’s economy. However, in this week’s Asia Unbound podcast, Senior Fellow at the Carnegie Asia program Yukon Huang challenges conventional wisdom, even arguing that corruption has been beneficial for China’s economic growth. Listen below as Dr. Huang describes the counter-intuitive findings from his new book, Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong, and how they challenge many of the West’s traditional assumptions about the Chinese economy.
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