When does it take a Nixon to go to China?

Article Abstract:

Policy shifts by unlikely parties are analyzed using a political economy framework where politicians are better informed than the public about the outcome of policies. It is shown that moderate right-wing policies are more likely to be implemented by right-wing parties while extreme right-wing policies are more likely to be implemented by left-wing parties. It is also argued that policy reversals occur infrequently.

Analysis, Political participation, Policy sciences

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Markets and inequality in rural China: parallels with the past

Article Abstract:

A study was conducted to analyze rural inequality in contemporary China. Differences across villages in market development in the 1930s were examined. It was shown that the active factor markets diminished inequality by allowing households to use more fully their endowments of land and labor. Results indicated several insights regarding the consequences of uneven transition to a market economy.

China, History, Chinese history, Equality, Income distribution

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