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.
The Reform of Supply & Marketing Cooperatives:Crux, Misunderstanding and Straits
the reform of SMC does not seem to be successful, the author thinks, the reason can be summarized as the following three points: ownership worship hinders the reform; the present policy misleads it; confused and imperfect property right relation lands the reform in straits.
The Use of Qualitative Information in Macro-Economic Policy Analysis
The majority of macro-economic policy models takes for granted that conflicts among objectives can be assessed by means of a tradeoff analysis. Such tradeoffs imply that sacrifices and benefits of various impacts of decisions can be measured on a cardinal scale, so that a conventional macro-economic utility or welfare analysis can be applied.