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Magical Tome

Placeholder cover for Specialization without regret
First published
1999
Publisher
World Bank, Development Research Group, Rural Development
Pages
50 pages

Specialization without regret

The outer archives are busy

by Michael R. Carter

About this book

In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the value of an investment even if they exit farming.

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