From Poverty to Prosperity: The A-C Theory to Explain China’s Growth Miracle and Its International Applicability

This book uses a new political economy theoretical framework (A-C theory) to explain why China has been able to create economic growth miracles in the past few decades and achieve prosperity from poverty in a relatively short period of time. The A-C theory is based on two core concepts: "economic accessibility" and "political cohesion", emphasizing that the combination of cohesive political governance and access to an open economic system is the institutional basis for driving a country’s economy on the road to prosperity―from poverty to wealth. Among them, cohesive political governance is usually political governance that creates a peaceful and stable social order,