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by cdavid
2349 days ago
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Necessary but not sufficient and all that... In how Asia works, Studwell argued quite convincingly how land reforms in Japan, South Korea, etc. was a prelude to successful industrialization because it allowed creating financial surplus thanks to increase agricultural output across a significant part of the population. And in China, it is well acknowledged that the reform from 1978 were a significant step toward China economic growth: https://en.wikipedia.org/wiki/China%27s_Rural_Reform |
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The primary reason the growth occurred was because of the land consolidation. Instead of having millions of independent farmers, they consolidated the land and only required hundreds of thousands of laborers to work on the land to maximize production. Thus allowing for a massive labor force that could be utilized for industrial production.