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Chinese Township-Village Enterprises as Vaguely Defined Cooperatives

In: Property Relations, Incentives and Welfare

Author

Listed:
  • Martin L. Weitzman

    (Harvard University)

  • Chenggang Xu

    (London School of Economics and Political Science)

Abstract

One-third of the world’s population currently seems to be moving away from centrally-planned socialism towards some form of a market economy. Suppose we refer to the broad process of making a transition from some form of socialism to some form of capitalism as a process of transformation. It appears that there are essentially two different models of transformation.

Suggested Citation

  • Martin L. Weitzman & Chenggang Xu, 1997. "Chinese Township-Village Enterprises as Vaguely Defined Cooperatives," International Economic Association Series, in: John E. Roemer (ed.), Property Relations, Incentives and Welfare, chapter 12, pages 326-355, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-25287-9_12
    DOI: 10.1007/978-1-349-25287-9_12
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    References listed on IDEAS

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    More about this item

    Keywords

    Private Firm; State Enterprise; Implicit Contract; Critical Legal Study; Chinese Model;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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