In his new book China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption, Yuen Yuen Ang presents four reasons: 1. Access money dominates. More concretely, politicians prosper by getting things built, not by preventing things from getting built. 2. China’s political system operates on a profit-sharing model. 3. Capacity-building reforms have curtailed damaging […] The post Why China prospered with corruption appeared first on Marginal REVOLUTION.