《非正式制度与中国农村发展》.docVIP

INFORMAL INSTITUTIONS AND RURAL DEVELOPMENT IN CHINA Biliang Hu Routledge July 2007 Biliang HU is Professor of Economics at the Graduate School of the Chinese Academy of Social Sciences and Senior Research Fellow of the Academy’s Rural Development Institute．He received his Doctorate of Economics from the School of Economics and Management, Witten／Herdecke University in Germany．His main academic interests are in institutional analysis in relation to village governance and rural development． Abstract China’s successful transition from a centrally planned economy to a socialist market economy, with rapid growth in rural areas since the early 1980s，is a consequence of the impact of both formal and informal institutions．Hitherto, most work undertaken on this issue has focused on formal institutions．This book shows the great importance of informal institutions on the economic and social development of rural China．It examines the relationship between informal institutions and rural development in China since the end of the 1970s，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 a11 critical factors for facilitating modernization and social and economic development，enabling the integration of trust，reciprocity, responsibility and obligation into economic and social exchange processes, and considerably lowering risks and transactions costs．It does this by analysing case studies that illustrate how informal institutions function and support development in rural China． Praise for Informal Institutions and Rural Development in China Dr Biliang Hu’s book provides valuable insights into how rural development at the village 1evel actually worked in China when market distortions were gradually removed from the late 1970s．His in-depth empirical work helps US understand b