Why China got Rich and India Hasn't - The Political Economy of Asian Development

The 'Asian Miracle' has seen several nations develop from dirt farming to the technological frontier in half a century. Among them is China, whose rise has lifted nearly a billion people out of poverty and reshaped the global economic and political order. Professor Shiro Armstrong of the ANU joins ePODstemology host Dr Mark Fabian to explain the secret sauce of East Asia's development, especially its clever trade strategies and the political economy of escaping the middle income trap. Will the Chinese Communist Party's reluctant to seed control to democracy and the market hinder its escape velocity? Tune in to find out.