The State, the Market, Economic Growth and Poverty in China
The reform of agriculture in China is cited by scholars advocating economic growth through market reform. Such scholars argue that this aspect of reform has been characterized by the liberalization of markets for agricultural commodities, which spurred production, increased rural incomes, and reduced poverty. This view exaggerates the roles played by open markets and economic growth in that reform. This article argues that the role of the state in redistributing public assets, establishing institutions that supported markets, and designing and implementing poverty reduction policies also reduced poverty in China. I conclude that scholars, not just in China's case but also more generally, should examine the economic and political effects of various possible relationships between state and market. I offer this as one way forward in deepening our understanding of the role of politics and policy in promoting development and reducing poverty
economic development, poverty, liberalization
Asian Studies | Economic Policy | Growth and Development
Politics and Policy
DONALDSON, John Andrew.(2007). The State, the Market, Economic Growth and Poverty in China. Politics and Policy, 35(4), 898-929.
Available at: http://ink.library.smu.edu.sg/soss_research/373
This document is currently not available here.