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By Nicholas R. Lardy

Explores the connection among the chinese language peasantry, who're the elemental base of help for the progressive chinese language Communist occasion, and the state-led economic climate confirmed through the social gathering after 1949.

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An increased indirect tax burden on the peasantry was far less salient to the central leadership than the substantially increased domestic budgetary outlays that would have been required to raise output through price incentives. 4 Third, since self-sufficiency was imposed at a local rather than a national level, the costs of the policy were borne unequally by different regions. Because of the higher marginal cost of grain production beyond the point of initial equilibrium in deficit regions, as state supplies of basic commodity grain were reduced (at least in per capita terms) higher costs were incurred to produce foodgrains locally.

Unfortunately, the organizational changes Mao promoted vastly increased the role of the bureaucracy in Chinese farming, leading to the most dire consequences. This study is an analysis of the role of agriculture in China's modern economic growth. It seeks to examine two closely related issues. The first, taken up in Chapter 2, is: To what degree has China's system of socialist agricultural development preserved or inhibited the dynamism that characterized agriculture prior to 1949? In economic terms, how have the institutional arrangements, particularly the system of planning prevailing since 1949, affected allocative efficiency?

Indirect planning is characterized by greater use of price incentives to stimulate aggregate agricultural output, as reflected by substantially improved terms of trade for the agricultural sector; more sophisticated manipulation of relative agricultural procurement prices to influence the allocation of land, labor, and other current inputs among alternative crops; greater freedom of agricultural production units to specialize in production based on their comparative advantage; rising rates of marketing based on both state purchases and flourishing rural peasant markets; larger and more efficient rural credit markets; and larger and more secure private plots.

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