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Despite many common features in agricultural sector, Korea and Japan have passed through quite different paths of structural adjustment. An important consequence of the different structural adjustment paths is full-time vs. part-time based farming system. As far as policy reforms are concerned,...
Persistent link: https://www.econbiz.de/10005459680
This paper examines the structural adjustments induced as China moved from a planned economy that subsidized capital-intensive industry at the expense of agriculture to a nationally integrated market economy more fitting with China's underlying resource endowments. We argue that there were few...
Persistent link: https://www.econbiz.de/10005039149
Korean agriculture has been facing several structural problems resulting from rapid structural changes since 1960's, some of which are preventing a smooth policy reform in accordance with the WTO regime. Political burden from rice monoculture, policy ineffectiveness from too large farm...
Persistent link: https://www.econbiz.de/10005039154