Understanding China's Gilded Age and Escaping the Poverty Trap

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Ang's latest book is called China's Gilded Age
Poverty trap is the idea that impoverished countries have a hard time becoming prosperous
China has lifted more than 800 million people since 1979 out of poverty
Some development scholars are reluctant to give China too much credit due to its authoritarian governance
Explaining China's economic model can be complicated because it changes rapidly

The political scientist Yuen Yuen Ang argues that different forms of government create different styles of corruption. The U.S. and China have more in common than we’d like to admit — but Russia is a different story, which could explain its willingness to invade Ukraine.