Economic Effects of Corruption

What are the major challenges, fault lines, and potential adversities (these terms are used synonymously) that China’s economic development will encounter over the next decade?1 How severely will China’s overall economic performance be affected if these adversities occur separately or in clusters? This book addresses these key questions. We deliberately concentrate on what might go seriously awry in the economy and, in the process, slow or even reverse China’s double-digit growth rates in the 1980s and high single-digit growth in the 1990s and the early part of the 21st century. We do not devote equivalent attention to the means by which China might prevent, mitigate, or remedy these adversities. Nor do we consider the potential sources of resilience and strength that could offset or absorb these adversities.