The Relationship Between Democracy and Economic Growth: Analyzing the Case of China

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This chapter explores the relationship between economics and democracy, using China as a case study. It examines whether China's non-democratic system can sustain economic growth, discusses the importance of societal influence on policy, and considers potential challenges due to the concentration of power.

Yascha Mounk and Ricardo Hausmann discuss development economics and how globalization has changed the nature of knowledge.

Ricardo Hausmann is an economist and the founder and Director of Harvard’s Growth Lab and the Rafik Hariri Professor of the Practice of International Political Economy at Harvard Kennedy School. Hausmann has also served as Minister of Planning of Venezuela (1992-1993) and on the Board of the Central Bank of Venezuela.

In this week’s conversation, Yascha Mounk and Ricardo Hausmann discuss the effect of globalization on social stratification; how “brain drains” and immigration can have counterintuitive effects on growth; and why we may often overrate the economic effects of corruption.

This transcript has been condensed and lightly edited for clarity.

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