Recap | How China Escaped the Poverty Trap

China's rapid economic development
Yuen Yuen Ang presents findings from her new book “How China Escaped the Poverty Trap.”

China’s rapid economic development has stunned theorists everywhere. After all, economic success isn’t supposed to be possible under a dictatorship, and yet over the past 30 years China has managed to pull 800 million people out of poverty through national development alone, while still maintaining its autocratic regime. In 1980, China was an impoverished country, with a GDP lower than traditionally poor countries like Chad and Malawi. Today, its global prowess has Americans worried about losing their number-one slot.