Informal Institutions and Rural Development in China [Hardcover]

Providing an account of the role of informal institutions in Chinese rural development, this book, based on a decade of fieldwork of village life in the Chinese countryside, puts forth a distinctive argument on a very important topic in Chinese economic and social affairs.

Focusing in particular on three major informal institutions: village trust and Rotating Savings and Credit Associations (ROSCAs), guanxi community and Integrating Village with Company (IVWC) governance, it argues that informal institutions, traditions and customs are all critical factors for facilitating modernization and social and economic development, promoting the integration of trust, reciprocity, responsibility and obligation into economic and social exchange processes and considerably lowering risks and transactions costs.

This detailed account is an invaluable resource for postgraduates and researching studying and working in this area.

Winner of the 2008 Zhang Peigang Development Economics Award.

1. Introduction: Background of the Study  2. Village Trust, Guanxi Community and IVWC Governance: An Interdisciplinary Approach to Informal Institutional Analysis in Rural China  3. Indigenous Conceptions of Networks  4. Selection of Research Areas  5. Village Trust and Bidding ROSCAs  6. Guanxi Community and Peoples Mobility  7. Guanxi Community and Township Enterprise Development in China  8. Institution of Integrating Village with Company (IVWC) and Rural Community Development  9. Conclusion: Integration of Tradition and Modernity  Towards Understanding Institutional Arrangements in Chinas Modernization

Dr. Hu Biliangs book provides valuable insights into how rural development at the village-level actually worked in China when market distortions were gradually removed from the late 1970s. His in-depth empirical work helps us understand betterlc™