Democracy that Delivers #263: How ‘Access Money’ Corruption Boosts and Threatens China’s Growth with Yuen Yuen Ang, PhD

05.06.2021 | Frank Brown, Catherine Tai |

Political scientist, China scholar, and University of Michigan professor Yuen Yuen Ang, PhD, joins the CIPE Anti-Corruption & Governance Center podcast this week to provide an expert’s guide to how corruption has supercharged and complicated China’s blistering rate of economic growth. Sharing insights from her new book, China’s Gilded Age: The Paradox of Economic Boom and Vast CorruptionAng distinguishes between four kinds of corruption: petty theft, rent theft, speed money, and access money, the last of which she dubs “the steroids of capitalism.” Listen now to hear her share how different forms of corruption have harmed or in some cases accelerated China’s growth, and why she believes the pervasiveness of access money threatens a long-run economic blowout. Ang is joined by ACGC Director Frank Brown and CIPE’s Asia Senior Program Officer Catherine Thai.

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