Abstract
Chapter 7 summarises the major findings to guide readers to understand East Asia’s agricultural transition with complex market instructional changes. When different economies face the same technology set, differences in their local institutional conditions determine the choice of technologies, as well as the timing and duration of the technological transition process. Through the analysis of agricultural technical changes in China and other Asian economies, this work finds that the examples cited illustrate all too clearly how great technological differences between economies can be. The technology generation gap in the Asian agricultural transitions were determined by the different institutional fundamentals between economies.
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Notes
- 1.
For example, competition for resources between agriculture and non-agriculture sectors.
- 2.
It is a sectoral change in the sense that the input factor ratio throughout the agriculture sector changes.
- 3.
Such as the assumption of continuous labour outflow in the Lewis model (1954).
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Du, J. (2018). Conclusion. In: Agricultural Transition in China. Palgrave Studies in Economic History. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-76905-9_7
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DOI: https://doi.org/10.1007/978-3-319-76905-9_7
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