India’s marginal revolution4 min read . Updated: 27 Nov 2012, 05:26 PM IST
It is worth asking whether grassroots initiatives for economic policymaking need greater encouragement in India
In 1978, farmers in a Chinese village called Xiaogang signed a secret contract that they hid in the roof of a mud hut. The harvest that year had been poor, and the desperate farmers agreed to break their collective farm into individual plots. The most efficient families could keep excess farm produce at home, once the demands of the government and the collective were met. It was an incentive that led to a bumper harvest next year.
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