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"Corruption is probably the largest roadblock to growth, as evidenced by China's relatively slow rise to power" China's slow rise to power from 1949 to 1979 wa
by nekojima 14y ago
"Corruption is probably the largest roadblock to growth, as evidenced by China's relatively slow rise to power"
China's slow rise to power from 1949 to 1979 wasn't because of corruption, but incompetence and policies, practices & ideology that was incompatible with economic growth, positive reform & capitalism. The anti-capitalist purges in the early 1950s lead to a wave of Shanghaiese & others moving to Hong Kong, to help boost its economy. There were some positive reforms in China to help boost economic growth and living standards, but those are overshadowed by the massively incompetent programs that destroyed the economy and country for thirty years, this after decades of war and civil war.
If anything, the level of corruption has massive increased since the reform period began in 1979. Though that may be the type of corruption has changed, from food, job, marriage, life, location & housing to money as the prime difference in the types of corruption being most prevalent.