New Book on Corruption in China

Andrew Wedeman, Professor of Political Science at the University of Nebraska, will publish a new book on corruption in China on April 3rd.  The political system in China is fundamentally different to Indonesia and I’m keen to learn more about both the implications for corruption as well as the enforcement of corruption laws.  Here’s the publisher’s blurb:

According to conventional wisdom, rising corruption reduces economic growth. And yet, between 1978 and 2010, even as officials were looting state coffers, extorting bribes, raking in kickbacks, and scraping off rents at unprecedented rates, the Chinese economy grew at an average annual rate of 9 percent. In Double Paradox, Andrew Wedeman seeks to explain why the Chinese economy performed so well despite widespread corruption at almost kleptocratic levels.

Wedeman finds that the Chinese economy was able to survive predatory corruption because corruption did not explode until after economic reforms had unleashed dynamic growth. To a considerable extent corruption was also a by-product of the transfer of undervalued assets from the state to the emerging private and corporate sectors and a scramble to capture the windfall profits created by their transfer. Perhaps most critically, an anticorruption campaign, however flawed, has proved sufficient to prevent corruption from spiraling out of control. Drawing on more than three decades of data from China-as well as examples of the interplay between corruption and growth in South Korea, Taiwan, Equatorial Guinea, and other nations in Africa and the Caribbean-Wedeman cautions that rapid growth requires not only ongoing and improved anticorruption efforts but also consolidated and strengthened property rights.

You can pre-order the book on Amazon, here.

There’s a few academics and colleagues here in Oxford working on China (many more than those working on Indonesia!) and so hopefully I’ll be able to post other articles on this interesting comparison.  I hope also to learn a little about India, where efforts to pass an anti-corruption law have torn apart the current government.

h/t China Copyright and Media, here.

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