Inclusive Growth of Rural Enterprises and the Role of Institutions

Lei Sun ()
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Lei Sun: Shandong University of Finance and Economics

Chapter Chapter 4 in Economic Growth and Development, 2020, pp 79-96 from Palgrave Macmillan

Abstract: Abstract Marketization and privatization have driven a dynamic development of agribusiness and rural enterprises, which have become an important engine of economic growth and it has also played a vital role for China’s economic transformation. China’s inclusive development of rural collective and social enterprises’ management has helped farmers in building up their family agribusinesses and to develop private rural enterprises. Institutions have helped to foster markets and to facilitate the transition of rural enterprises’ ownership management from collective rural enterprises to privately dominated agribusiness enterprises. But, institutions also cause information asymmetry problems, and information asymmetry affects private enterprises’ development in respect to market competition.

Keywords: Inclusive growth; Town and village enterprises; Institutional role (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-46099-0_4

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DOI: 10.1007/978-3-030-46099-0_4

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