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Can Economic Growth Be Sustained?The Collected Papers of Vernon W. Ruttan and Yujiro Hayami$
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Keijiro Otsuka and C. Ford Runge

Print publication date: 2011

Print ISBN-13: 9780199754359

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199754359.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2022

The Peasant in Economic Modernization

The Peasant in Economic Modernization

(p.138) Chapter 8 The Peasant in Economic Modernization
Can Economic Growth Be Sustained?

Yujiro Hayami

Oxford University Press

This chapter reviews controversy concerning the nature and fate of the peasantry in the course of modern economic development. It discusses the strengths and weaknesses of the peasant system in comparison with the plantation system, and investigates the impact of commercialization on peasants, focusing on the relationship between peasants and middlemen. The chapter concludes with an analysis of the possibility of rural-based economic development by mobilizing peasants’ entrepreneurship in commerce and industry, including policies to enhance the process.

Keywords:   peasantry, modern economic development, peasant system, plantation system, commercialization, rural-based economic development, peasants

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