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The approach to transforming the traditional agricultural economy: a research on the multiple paths of poverty alleviation and transformation in rural China

Author

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  • ZOU Wei

    (Department of Economics, School of Economics and Management, Wuhan University, Wuhan, 430072, China)

  • ZHUANG Ziyin

    (Department of Economics, School of Economics and Management, Wuhan University, Wuhan, 430072, China)

Abstract

Transforming a traditional agricultural economy into a modern economy is one of the main themes in economic development. Through theoretical and empirical analysis, this paper finds out that the key to transformation is to raise the economic value of people, to improve human capital investment and to match the stocks of physical and human capital. China s rural economy is on the edge of economic take-off, and different zones may pursue different paths for transformation. The source of rural poverty is not the scarcity of income or consumption, but the deficiency of education, social security, medical care and economic opportunity, which we define as capability poverty .

Suggested Citation

  • ZOU Wei & ZHUANG Ziyin, 2006. "The approach to transforming the traditional agricultural economy: a research on the multiple paths of poverty alleviation and transformation in rural China," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 1(2), pages 272-295, June.
    • Handle: RePEc:fec:journl:v:1:y:2006:i:2:p:272-295
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-006-0009-2
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    More about this item

    Keywords

    economic growth; path for transformation; capability poverty;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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