The Chinese economy works in practice, it just doesn’t work in theory. ;) - hence my emphasis on actually

The problem isn’t that China is a weird case, but that economic canons are premised on mechanical, Western-centric thinking.

Getting stuck in the chicken-and-egg fallacy of “good governance or growth first” isn’t a bug, but a feature.

This is a study about how development actually happens.

Is it really good governance, so keenly proffered to developing countries, that launches markets?

Or is it growth that enables good governance?

Or is history destiny?

Short answer: none of the above.

Sharing an excerpt from 𝘏𝘰𝘸 𝘊𝘩𝘪𝘯𝘢 𝘌𝘴𝘤𝘢𝘱𝘦𝘥 𝘵𝘩𝘦 𝘗𝘰𝘷𝘦𝘳𝘵𝘺 𝘛𝘳𝘢𝘱

snfagora.jhu.edu/our-wo…