Inequalities #38

How China Escaped Shock Therapy.
The making of China’s economic reforms.

In this episode, Alice speaks with Dr Isabella Weber, assistant professor at the University of Massachusetts Amherst, who is a political economist of China and global trade. They talk about Isabella’s new book “How China Escaped Shock Therapy”, what actually is shock therapy, why it was a bad idea (in hindsight) and how China managed to develop its own way of transitioning from state planning through gradual reindustrialization to its current strong position.