A key to understanding why some rural development policies succeed and some fail is found in this book. The editors contend that established economic models are inadequate to interpret the behavior of rural markets and nonmarket institutions. This book investigates economic institutions and contractual arrangements in credit, labor, and land markets and analyzes their implications for the behavior of the rural sector. Drawing on 15 short case studies, five overview and nine theoretical chapters explore some of the most pressing problems facing developing countries: how to promote financial integration of the rural sector, how to rationalize the use of land and water, and how to design and administer tax and transfer policies. The book contributes to theory, empirical methodology, and the solution of concrete policy questions.
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"Given the quality of the editorial team, this volume of 29 chapters is unsurprisingly valuable for anybody concerned with the economics of agriculture in developing countries...an excellent volume. The standard of writing, theoretical exposition and empirical rigour is high throughout....The book will be a valuable addition to reading lists for graduate courses on rural organisation or the economics of agriculture in developing countries. Overall, the book is recommended reading."--Journal of Agricultural Economics
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