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The Industrial Organization Of The Chinese Food Economy: Socialistic Or Capitalistic?

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  • FREDOUN Z. AHMADI‐ESFAHANI
  • CHRISTOPHER G. LOCKE

Abstract

The controversy over the transformation of socialism recently has focused on China. The analysis here uses an industrial ORGANIZATION framework to portray the key features of “Socialism with Chinese Characteristics.” The structures of ownership, supply, and demand and the process of price formation are analyzed to explicate the ramifications of the reform process and the changing patterns of government intervention and market forces in the Chinese food economy. An examination of this. fusion reveals a number of implications for international socialism.

Suggested Citation

  • Fredoun Z. Ahmadi‐Esfahani & Christopher G. Locke, 1998. "The Industrial Organization Of The Chinese Food Economy: Socialistic Or Capitalistic?," Contemporary Economic Policy, Western Economic Association International, vol. 16(1), pages 34-46, January.
    • Handle: RePEc:bla:coecpo:v:16:y:1998:i:1:p:34-46
    DOI: 10.1111/j.1465-7287.1998.tb00498.x
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    References listed on IDEAS

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    1. Fredoun Z. Ahmadi-Esfahani & Roland G. Stanmore, 1997. "Demand for vegetables in a Chinese wholesale market," Agribusiness, John Wiley & Sons, Ltd., vol. 13(5), pages 549-559.
    2. Koo, Anthony Y C, 1990. "The Contract Responsibility System: Transition from a Planned to a Market Economy," Economic Development and Cultural Change, University of Chicago Press, vol. 38(4), pages 797-820, July.
    3. Zhou, Zhangyue, 1992. "Expert Judgement on the Effects of the Grain Marketing System on Grain Production in China: A Survey," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 147357, Australian Agricultural and Resource Economics Society.
    4. Lyons, Thomas P, 1993. "Commercial Reform in China: The Grain Trade of Fujian Province, 1978-1988," Economic Development and Cultural Change, University of Chicago Press, vol. 41(4), pages 691-736, July.
    5. Ahmadi-Esfahani, Fredoun Z. & Stanmore, Roland G., 1993. "Some Methodological Issues in the Measurement of Shadow Prices for a Centrally Planned Economy," 1993 Conference (37th), February 9-11, 1993, Sydney, Australia 147475, Australian Agricultural and Resource Economics Society.
    6. Zhong, Funing & Carter, Colin A., 1991. "Will Market Prices Enhance Chinese Agriculture?: A Test Of Regional Comparative Advantage," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(2), pages 1-10, December.
    7. Park, Albert & Rozelle, Scott & Cai, Fang, 1994. "China's grain policy reforms: Implications for equity, stabilization, and efficiency," China Economic Review, Elsevier, vol. 5(1), pages 15-33.
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    1. Ahmadi-Esfahani, Fredoun Z. & Locke, Christopher G., 1998. "Wholesale food markets with 'Chinese characteristics'," Food Policy, Elsevier, vol. 23(1), pages 89-103, February.

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