Research on the Problems and Institutional Optimization Strategies of Rural Collective Economic Organization Governance

Wang Jinyu (), Zhao Cuiping () and Jie Jinrong ()
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Wang Jinyu: Henan Agricultural University’s School of Economics and Management, Zhengzhou, Henan, 450046, China
Zhao Cuiping: Henan Agricultural University’s School of Economics and Management, Zhengzhou, Henan, 450046, China
Jie Jinrong: Henan Agricultural University’s School of Economics and Management, Zhengzhou, Henan, 450046, China

Economics - The Open-Access, Open-Assessment Journal, 2024, vol. 18, issue 1, 12

Abstract: The study explores the functioning of Rural Collective Economic Organizations (RCEOs) and looks at how they are governed and optimized in rural areas. RCEOs play a significant role in ensuring income stability, poverty reduction, and rural development because rural communities establish them to address economic challenges. In order to identify strategies that can lead to an efficient, sustainable, and impactful role of RCEOs within the rural context, stakeholders with involvement in RCEOs provided perceptions, experiences, and interpretations. Using qualitative methods such as in-depth interviews and focus groups, this work collected the views and recommendations of professionals and practitioners who are knowledgeable about RCEOs. Those discussions identified the main themes and tactics to improve RCEOs. For instance, among such strategies are governance reform to make the institution strong, openness and proper communication, establishment of capacity-building programs, adaptations in its operational framework especially revenue sources diversification; lobbying for enabling legislation to stimulate such initiatives, fostering partnerships, engaging the communities with actions instead of just words through cases that have been successful stories with long-term planning put into action. The article underscores how the collective asset ownership by RCEOs is instrumental in promoting the rural economy.

Keywords: governance; rural development; optimization; poverty reduction; collective asset ownership (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:econoa:v:18:y:2024:i:1:p:12:n:1001

DOI: 10.1515/econ-2022-0110

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