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- W1996532679 abstract "In 1978 China's (the dragon's) per capita income1 was below that of India's (the elephant's) and the latter's was below that of Sub-Saharan Africa. After a quarter century of economic reforms, both China and India have surpassed Sub-Saharan Africa and China's per capita income is almost double that of India. China and India have achieved unprecedented levels of prosperity and now top the list of the world's fastest growing economies. While these countries are major players in the global economy, they also account for the bulk of the world's poverty. China's economic transformation began with changes to institutional structures by encouraging land use change through the household responsibility system and freeing agricultural markets. India's approach to reform was quite different. It emphasised structural adjustment in industrial and trade policies, and the removal of bureaucratic barriers to change. As a result, agriculture grew rapidly in both countries and rural poverty decreased. However, the growth of agricultural income has been higher in China and the rate of poverty decline much slower in India. But inequality has also increased significantly in both countries, especially in China." @default.
- W1996532679 created "2016-06-24" @default.
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- W1996532679 date "2009-09-01" @default.
- W1996532679 modified "2023-10-17" @default.
- W1996532679 title "The Dragon and the Elephant: Agricultural and Rural Reforms in China and India" @default.
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- W1996532679 doi "https://doi.org/10.1093/erae/jbp033" @default.
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