Regional comparative advantage in grain production in China
Since the end of 1996, Chinese agriculture has produced a surplus of many major products, which has led to sharp decreases in farm prices and the stagnation of farmers’ income. To deal with these problems, the Chinese government has called for a ‘strategic adjustment’ in the structures of agriculture and the rural economy. The goals of this strategic adjustment are to meet changing market demands and increase farmers’ incomes by improving efficiency in resource allocation among regions and...[Show more]
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