When history repeats itself, the first time is a tragedy; the next is a farce.…
How did China reduce Rural Poverty? C.P. Chandrasekhar & Jayati Ghosh
Poverty reduction in China is frequently seen as the result of the rapid export-led industrialisation of the country following its market-oriented reforms. But the article argues that the main factors were institutional changes in rural areas, especially land reforms, which enabled the peasantry to take advantage of terms of trade movements in their favour.
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