dual-economy model

Agriculture, Peasants, and the State: China’s Grain Price in Economic Development

Grain is an important commodity in developing counties. Fluctuations in grain prices not only influence the process of economic development, but also have an effect on the lives of peasants. A feature of China’s grain price is that it fluctuated dramatically before 2004, and has been stable and has risen gradually since then. This price change pattern is distinct. Food shortages constitute the main agricultural problem in the early stages of economic development.

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