Prosper or perish : credit and fiscal systems in rural China / Lynette H. Ong.

By:

Ong, Lynette H [author.]

Material type: Text

TextSeries: Book collections on Project MUSE | UPCC book collections on Project MUSE. Political Science and Policy Studies Supplement II.Publisher: Ithaca : Cornell University Press, 2012Description: 1 online resourceContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780801465512
0801465516
0801465958
9780801465956

Subject(s): Genre/Form:

Additional physical formats: Print version:: Prosper or perishDDC classification:

332.7/10951 23

LOC classification:

HG2051.C6

Online resources:

Click here to access online

Contents:

Local governments, rural credit and regional development -- The rural financial system and rural development in China -- The design of China's rural credit institutions -- The implications of cadre evaluation and fiscal system for local government behavior -- Diverging pathways to prosperity : private sector-led and local government-led industrialization -- Local government-led path to rural decay.

Summary: "The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC loans were in or close to default, forcing China's central bank to bail out RCCs. In Prosper or Perish, Lynette H. Ong examines the bias in RCC lending patterns, focusing on why the mobilization of rural savings has contributed to successful industrial development in some locales but not in others"--Publisher's Web site.

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Item type	Home library	Collection	Call number	Materials specified	Status	Date due	Barcode
Electronic-Books	OPJGU Sonepat- Campus	E-Books EBSCO			Available

Includes bibliographical references and index.

"The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC loans were in or close to default, forcing China's central bank to bail out RCCs. In Prosper or Perish, Lynette H. Ong examines the bias in RCC lending patterns, focusing on why the mobilization of rural savings has contributed to successful industrial development in some locales but not in others"--Publisher's Web site.