Commercialization and Agricultural Development: Central and Eastern China, 18701937 [Hardcover]

This book provides an assessment of China's recent reform of the foreign trade system and discusses the benefits of such reform.Drawing on material previously available only in Chinese, this book provides an assessment of China's recent reform of the foreign trade system and discusses the benefits of such reform in terms of higher growth for its economy.Drawing on material previously available only in Chinese, this book provides an assessment of China's recent reform of the foreign trade system and discusses the benefits of such reform in terms of higher growth for its economy.Commercialization has been determined to be the source of increasing agricultural productivity and of higher rural incomes. This book reinterprets the impact of accelerated commercialization of Chinese agriculture in the late nineteenth and early twentieth centuries on the growth of the rural economy of Central and Eastern China. The author demonstrates that the prices of domestic agricultural products rose as China's agricultural markets became integrated with the international economy. These higher prices, in combination with increasing domestic demand and fueled by the growth of the urban sector, provided the incentive for increased rural household production that led to increased specialization in rural production. He estimates that between the 1890s and the 1930s, agricultural output rose at an annual rate roughly twice that of estimated population growth. While redressing the historical assessments of the pre-1949 economy, this book offers rich perspective on the enormous costs that enforced self-sufficiency and the restrictive commercial policies of the People's Republic inflicted on the rural sector between the 1950s and the late 1970s.Tables; Figures and maps; Acknowledgments; Weights and measures; 1. Introduction; 2. Chinese agriculture and the international economy; 3. Price formation, marketing, and output in agriculture; 4. The accelerated commercialization of agriculture; 5.lc2