Making Corruption Unsustainable in China
A decade from now, President Xi Jinping’s reign might be defined more by the success of his anticorruption campaign than his country’s material progress. China has always been the outlier on many economic issues, and so it is with corruption. Studies show that for most developing countries, corruption retards economic growth. They also suggest that developed countries are less corrupt than developing ones. So has China managed to grow so rapidly because or in spite of rampant corruption? And why has corruption in China gotten worse rather than better?
Read the full story at The Wall Street Journal or http://carnegieendowment.org/2015/03/27/making-corruption-unsustainable-in-china/i50q