Agricultural Development in Traditional Asian Economies: Observations Prompted by a Livestock Study in Vietnam

China began its economic reforms in 1979 and Vietnam followed in 1986. Since then both countries have experienced rapid economic growth, falling poverty rates and significant rises in per capita income. At the same time, substantial restructuring of their economies has occurred, a feature of which has been a decline in the relative contribution of agriculture to total employment and output. These changes are outlined. Significant changes have also occurred in the agricultural sectors of China and Vietnam and these are reviewed. In both countries, the livestock sector has grown in relative importance. Households are the main contributors to agricultural production but their individual holdings of land are small and households keeping livestock mostly only hold a few head. Given the exit of farmers from agriculture, pressures are mounting for increasing the size of agricultural units. This exit can add to economic efficiency and growth. Policies to facilitate movements from farm to non-farm employment are discussed and analysed. Property rights and the marketability of agricultural land can facilitate such movements and contribute to economic efficiency. In recent times, China and Vietnam have extended property rights in agricultural land and have increased its marketability. These measures are outlined. With further economic development and transition, it is predicted that these rights and the marketability of agricultural land will be further extended


Issue Date:
2010-05
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
ISSN: 1444-8890 (Other)
PURL Identifier:
http://purl.umn.edu/90629
Total Pages:
23
JEL Codes:
Q10; Q15; Q18; O2
Series Statement:
Economic Theory, Applications and Issues Working Paper
60




 Record created 2017-04-01, last modified 2017-08-25

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