![]() ![]() ![]() Since markets opened in 1978, and as China has lifted more than 500 million of its people out of extreme poverty, the three oft-cited theories to explain this phenomenon of extraordinary state-led growth are the modernisation theory (that economic growth leads to good governance), the theory about good institutions theory (that good governance leads to economic growth), and history as the cause of good governance or state capacity. This is part of my “A Book A Week” endeavour, an extension of The Book Club I started on this blog when I was completing my National Service. ![]()
0 Comments
Leave a Reply. |