China is politically authoritarian and does not have well-established property rights, characteristics which were once thought to hinder growth.

Question

Quizplus · Accepted Answer

China's rapid economic growth has occurred despite its authoritarian political system and a legal framework for property rights that is often considered underdeveloped by Western standards. This challenges the traditional view that political freedom and strong property rights are essential for economic development.

China Is Politically Authoritarian and Does Not Have Well-Established Property