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Rural Industrialization in China and India: Role of Policies and Institutions
- Source :
-
World Development . Oct2007, Vol. 35 Issue 10, p1621-1634. 14p. - Publication Year :
- 2007
-
Abstract
- Summary: The dynamic rural nonfarm sector in China has been a major contributor to the country’s remarkable growth, while in India the growth in output and employment in this sector has been rather stagnant. This paper argues that the observed patterns in the rural nonfarm development are the results of institutional differences between the two countries, especially in their political systems, ownership structure, and credit institutions. A review of the strengths and weaknesses of the rural nonfarm economy in China and India highlights the potentials and challenges of growth in the sector. [Copyright &y& Elsevier]
- Subjects :
- *RURAL industries
*POLITICAL systems
Subjects
Details
- Language :
- English
- ISSN :
- 0305750X
- Volume :
- 35
- Issue :
- 10
- Database :
- Academic Search Index
- Journal :
- World Development
- Publication Type :
- Academic Journal
- Accession number :
- 27068074
- Full Text :
- https://doi.org/10.1016/j.worlddev.2006.11.008