ECON 336 Lecture Notes - 1997 Asian Financial Crisis, Management, Zhuji
19 May 2012
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Document Summary
Chapter 12: rural industrialization: township and village enterprises. Town and village enterprises are part of rural industry and have almost played an important role in china, but most of all during the period from 1978 to 1996. Tves were collectively owned and diverse, changing nearly every part of the chinese economy. After 1995-1996, tves began privatization, but there were some effects in the economy, such as: Increased product competition: credit became scarcer, credit was difficult to obtain. Therefore, although some tves could survive and adapt, many went of a business, the collective owned tves decreased, and their ability to absorb employment from displaced farmers reduced. Tves today are less connected to government and have significantly evolving roles and forms in the economy. China had a proud history of a traditional economy, where industry was present, process agricultural goods into market goods in a bottom heavy manner.
