How China escaped shock therapy w/ Isabella Weber
Play • 1 hr 2 min
At the end of the 1980s, China's leaders came close to implementing the kind of economic shock therapy reforms that a few years later caused a social and economic catastrophe in the former Soviet Union and much of eastern Europe. A moment of enormous significance for Chinese and world history, Isabella Weber explains how and why China came to the brink of initiating an economic "big bang", and why ultimately the leadership chose to pursue a gradualist process of market reform instead.

Later this month Isabella will be taking part in the book's official launch, along with James Galbraith, Branko Milanović and Bin Wong. You can register here if you would like to attend:
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