Informal Institutions and Rural Development in China

Nonfiction, Social & Cultural Studies, Social Science, Cultural Studies, Ethnic Studies, Anthropology
Cover of the book Informal Institutions and Rural Development in China by Biliang Hu, Taylor and Francis
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Author: Biliang Hu ISBN: 9781134102235
Publisher: Taylor and Francis Publication: August 7, 2007
Imprint: Routledge Language: English
Author: Biliang Hu
ISBN: 9781134102235
Publisher: Taylor and Francis
Publication: August 7, 2007
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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