Description
Book SynopsisProsper or Perish describes a massive ongoing problem for China's economic dvelopment: the difficulty of administering loans to Rural Credit Cooperatives in a way that assists rural households.
Trade Review"The book provides a compelling argument for the dangers of soft budget constraints created by the intimate linkage between the Rural Credit Cooperatives RCCs and the local government bureaucracy. Apart from providing an analysis of the rural banking sector, this interesting volume offers valuable insights into the political economy of rural China." —Ane Bislev,China Review InternationalVolume 19, No. 4, 2012
The institutional explanation of the bias builds upon a rich body of literature on cadre management and the fiscal system, and will be good reading for graduate and advanced students. All in all, the book is a welcome contribution to the literature of rural credits, and testifies to how much work is still needed on this important subject.
* The China Journal *
This book would be ideal for students of political economy, rural development, local government, and public finance in China, among others. The clear writing style and the richly informative local case studies also make the book all the more enjoyable.
-- Gang Guo * Journal of Chinese Political Science *
Table of ContentsPart I. Overview and Research QuestionsChapter 1. Local Governments, Rural Credit, and Regional Development in ChinaAppendix: Case Study Indicators, Household Survey, and SourcesChapter 2. The Rural Financial System and Rural Development in ChinaPart II. The Design of China's Economic and Political InstitutionsChapter 3. The Design of China's Rural Credit InstitutionsChapter 4. The Implications of Cadre Evaluation and Fiscal System for Local-Government BehaviorAppendix: Township Cadre Evaluation Criteria in Wenling County, Zhejiang ProvincePart III. Case Studies: Blind Men and the ElephantChapter 5. Diverging Pathways to Prosperity: Privately Led vs. Local Government-Led IndustrializationChapter 6. The Local Government-Led Path to Rural DecayAppendix: Revenue and Expenditures of the Perished TownshipsConclusionAppendix: List of Non-Survey Field Interviews, 2003–6Notes
Glossary of Chinese Terms
Index
