In #EconomicsOfChina episode 4, Professor Ang explains why conventional linear theories of “growth first,” “good institutions first,” or “fortunate histories first” have all failed to explain how development actually happened, not only in China, but also elsewhere. Development is a three-step coevolutionary process, and the first step, she shows, is “using what you have”--local actors using indigenous resources and local knowledge to kick-start entrepreneurial activities. Learn more at economics