How China Escaped the Poverty Trap – by Yuen Yuen Ang
In “How China Escaped the Poverty Trap”, Yuen Yuen Ang provides a compelling analysis of China’s rapid economic transformation over recent decades. Rather than focusing on specific policies or economic theories, Ang emphasizes China’s unique approach to development. She argues that China’s success in escaping poverty and achieving significant economic growth was not simply a result of adopting Western-style economic reforms, but of implementing a distinctly Chinese strategy that allowed local innovation within the bounds of central control.