Efficiency, equality and accumulation in rural China: notes on the Chinese system of incentives

  • Keith Griffin

Abstract

One way of attempting to make an economic assessment of a system of socialist agriculture is to examine the efficiency with which resources are allocated, the degree to which equality is attained and the ability of the system to achieve a satisfactory rate of accumulation and technical change. These three aspects of overall economic performance ideally should not be seen in isolation since they obviously interact. For example, the pattern of resource allocation is inseparable from the pace of accumulation and both, in turn, affect the distribution of income. Be this as it may, however, I shall discuss the effects of the prevailing set of incentives in rural China under the headings of efficiency, equity and accumulation.

Keywords

Migration Petroleum Income Expense 

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Notes and References

  1. 1.
    Jonathan Unger, ‘The Organization of Collective Incentives in the Chinese Countryside: Lessons from Chen Village’, World Development (May 1978).Google Scholar
  2. 2.
    A. R. Khan, ‘The Distribution of Income in Rural China’, in ILO, Poverty and Landlessness in Rural Asia (Geneva, 1977 ).Google Scholar
  3. 5.
    G. N. Ng, ‘Rural Inequalities and the Commune System in China’, World Employment Programme Working Paper, ILO, Geneva (Oct. 1976) pp. 20–3.Google Scholar
  4. 10.
    N. R. Lardy, ‘Economic Planning and Income Distribution in China’, Current Scene (Nov. 1976) p. 1.Google Scholar

Copyright information

© Keith Griffin 1978

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  • Keith Griffin

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