Abstract
Since China’s market-oriented reforms in the late 1970s, the Chinese agricultural production system has transformed from a collectively owned communal system, based on the agricultural sector modelled on the former Soviet Union, into a household-based contract responsibility system. In this farming system, small farmers entered a contractual relationship with the village committee and gained long-term use rights of the collectively owned farmland. In order to achieve economies of scale and risk-sharing, as well as reduce the transaction costs, the Chinese farmers’ co-operatives have emerged with the purpose of coordinating activities of the small-scale scattered household operation in incomplete markets.
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© 2014 Peng Yuan
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Yuan, P. (2014). Stakeholder Participation in Co-operative Governance in China. In: Gijselinckx, C., Zhao, L., Novkovic, S. (eds) Co-operative Innovations in China and the West. Palgrave Macmillan, London. https://doi.org/10.1057/9781137277282_14
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DOI: https://doi.org/10.1057/9781137277282_14
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