Prosper or Perish: Credit and Fiscal Systems in Rural China

Contents

vii Contents List of Figures ix List of Tables xiii List of Abbreviations xv Acknowledgments xvii Part I. OVERVIEW AND RESEARCH QUESTIONS 1. Local Governments, Rural Credit, and Regional Development in China 3 Appendix: Case Study Indicators, Household Survey, and Sources 24 2. The Rural Financial System and Rural Development in China 27 Part II. THE DESIGN OF CHINA’S ECONOMIC AND POLITICAL INSTITUTIONS 3. The Design of China’s Rural Credit Institutions 51 4. The Implications of Cadre Evaluation and Fiscal System for Local-Government Behavior 76 Appendix: Township Cadre Evaluation Criteria in Wenling County, Zhejiang Province 93 Part III. CASE STUDIES: BLIND MEN AND THE ELEPHANT 5. Diverging Pathways to Prosperity: Privately Led vs. Local Government–Led Industrialization 101 6. The Local Government–Led Path to Rural Decay 126 Appendix: Revenue and Expenditures of the Perished Townships 150 Conclusion 154 Appendix: List of Non-Survey Field Interviews, 2003–6 171 Notes 177 Glossary of Chinese Terms 201 Index 203 ...