Prosper or perish
by Lynette Ong
- ISBN
- 9780801450624
Prosper or perish is a central-local government relations, cooperative banks and banking book by Lynette Ong.
About this book
"The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, townships and villages. These township and village enterprises have experienced highly uneven levels of success, and by the end of the 1990s, half of all RCC loans were in or close to default, forcing China's central bank to bail out RCCs. In Prosper or Perish, Lynette H. Ong examines the bias in RCC lending patterns, focusing on why the mobilization of rural savings has contributed to successful industrial development in some locales but not in others"--Publisher's Web site.
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Frequently Asked Questions
What genre is Prosper or perish?+
Prosper or perish is a Central-local government relations, Cooperative Banks and banking, Rural development, Local finance, Rural credit book.
What is Prosper or perish about?+
"The official banking institutions for rural China are Rural Credit Cooperatives (RCCs). Although these co-ops are mandated to support agricultural development among farm households, since 1980 half of RCC loans have gone to small and medium-sized industrial enterprises located in, and managed by, t...
Who wrote Prosper or perish?+
Prosper or perish was written by Lynette Ong.