The Agricultural Issue in the "Great International Cycle"âAnalysis of Weaknesses in the Theory of the "Great International Cycle" and Ideas for Modification

Xu Hua

Chinese Economy, 1991, vol. 25, issue 1, 69-79

Abstract: >b>Editor's note:>/b> According to the author, a healthy, scientific development strategy should be based on the stable growth of agriculture and should therefore include policies to stimulate agricultural growth. He suggests modification of the strategy of China joining the great international cycle; his concept comprises two smaller international cycles and a large international cycle. Of the smaller cycles, the first would go from agriculture to rural industry to the world market and back to agriculture; the second would go from heavy industry to the world market and back to heavy industry. The great international cycle itself would remain unchanged. We can call this a compound international cycle.

Date: 1991
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