ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Revelance of China's Experience

Decentralisation and Local Accumulation

In China the phase of rapid growth was based on agriculture and other on-farm production which both reduced rural poverty and provided surpluses for industrial investment. But agriculture quickly came up against the barrier of diminishing returns - in the absence of technological change - and capital began to be diverted to other, more profitable investment activities. How has this drain of savings from rural to urban areas been reversed?

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top