Chapter

The Political Economy of Property Rights Reform and Farm Restructuring

Johan F. M. Swinnen

in From Marx and Mao to the Market

Published in print January 2006 | ISBN: 9780199288915
Published online May 2006 | e-ISBN: 9780191603518 | DOI: http://dx.doi.org/10.1093/0199288917.003.0009
 The Political Economy of Property Rights Reform and Farm Restructuring

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This chapter explains why, when, and how transition countries chose to introduce property rights reforms and restructure their farms. It explains why China opted for the household responsibility system, why land was restored to former owners in Central and Eastern Europe, and why land in the former Soviet Union was mostly distributed in shares and soft budgets.

Keywords: political economy; property rights; land reform; farm restructuring; restitution; household responsibility system; soft budget constraints; privatization

Chapter.  7718 words.  Illustrated.

Subjects: Economic Development and Growth

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