Power and Wealth in Rural China The Political Economy of Institutional Change

Power and Wealth in Rural ChinaThe Political Economy of Institutional Change\nAuthor(s): Susan H. Whiting\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521028417, 978-0521028417\nSynopsis\nChina's rural industrial sector has been the engine driving much of the Chinese economy's dynamism during the reform period. The nature and development of this sector, also referred to as township and village enterprises (TVEs) defy easy explanation. Across regions, there is dramatic variation in property rights among TVEs, ranging from local government ownership to outright private ownership. This book focuses on China's rural industries, offering a theoretical framework to explain institutional change. Susan Whiting explores the complex interactions of individuals, institutions and the broader political economy to examine variation and change in property rights and extractive institutions in China's rural industrial se.