Rural Supply and Marketing Cooperatives in China: Historical Development, Problems, and Reform
The historical development and performance of rural supply and marketing cooperatives (SMCs) in China are examined and linked to various reform periods. SMCs suffered a loss of focus on members as well as member control during several periods of reform and experienced declining financial performance during the most recent reform period. A number of factors related to this decline are presented, including ineffective reforms, lack of accountability and transparency, limited focus on member needs, a negative image for cooperatives, and poor understanding of contemporary cooperative management and governance practices.
Scale Economies and Efficiencies for Chinese Rural Credit Cooperatives
This paper evaluates scale economies and efficiencies for Rural Credit Cooperatives (RCCs) in China using both parametric and nonparametric techniques. Diseconomies of scale and allocative inefficiency are found. The results reveal the need for RCCs to decrease their size and the need for government to liberalize the financial market.
Philip Roth’s Great Books: A Reading of The Human Stain
Philip Roth belongs to the first generation of American novelists for whom a university education in the liberal arts was the norm. This essay charts Roth’s developing acquaintance with classical literature, the starting point for Great Books courses in the 1950s, and the implications for his fiction of his understanding of the difference in scope and purpose between the two representative classical genres. It focuses on The Human Stain (2000), the novel in which he reflects most directly upon what tragedy and epic once did, and what might happen to novels if they became more like the one or the other.