| The reform of rural co-operatives finance in china has been experiencing for twenty years, but the reform did not make notable progress and did not meet the demands of agricultural economy, government and farmers. based on the new institutional Economics and transistional economics ,this paper attempts to analyse and explain the reform of rural co-operatives finance in china, illuminate some issues of practical value, give some points to the policy maker and the way of china's rural co-operatives finance reform.In transitional economics theory, there is a huge gap between the present institutional system and the future's ideal institutional system. It is crucial to overcome this gap in the reform. Some times the society keeps old system not because of the new system is not good but because of the cost of change is too high. the Process of reform is the process of interest confliction and elimination. The process of reform is important, which means that it is the change itself rather than the ends of the change which is the research subject of the approach. Institutional change usually leads to some redistribution of wealth, a reform may benefit some people while hurting others. The people who feel hurt may oppose the reform with their actions or speech; thus they might make the reform fail. Therefore, the fate of the reform is determined by the resolution of the problems of distribution caused by the reform. Furthermore, the concept of the " costs of reform " is derived from the conflicts or dispute incurred in the process of the reform. The number of the persons who are against the reform and how sharp the opposition is may be the measurement of the costs of the reform which can be directly and easily observed. Naturally, the effort to explain the problem of the reform becomes those of reducing the costs occurred in the real process of the reform. Based on these points, the paper analyse the interest confliction between the related interest groups in the reform of rural cooperative finance, discuss the problems and difficulties in the process of the reform of china's rural co-operative finance, put forwards some suggestions to the reform of china's rural co-operative finance, and hopes to be helpful to policy-makers and executants. There are seven parts as following:Chapter 1 discuss the origin of cooperative finance. In capitalism, the business institution and credit system provide an impetus to the development of cooperative credit institution. A new form of cooperative credit is established as a solution with the central principles which means open entry, mutual administration, serve the member, distribute the profits according to the transaction volume. While the basic principles are the same for nations, the organizational structure of cooperative finance in each nation has different characteristics derived from its unique regime, state situation and its popular viewpoints of cooperative economy. The paper distinguish the different character between western cooperative economics theory and Maxism cooperative economics theory, give the philosophical explain to the development of cooperative finance principle. Establish the foundation for this full text. Chapter 2 discuss the enterprise boundary and efficiency of cooperative finance institution, introduce the Game Theory, when the times of game is unlimited, cooperative outcome can be achieved among the players in the game. The text emphasize the important of sustainable development in rural cooperative finance in china, The development of china rural cooperative finance must be the sustainable development. The credit cooperative is one kind of enterprise, the scale of cooperative finance has inherent shortage, in practice, by institutional innovation the cooperative finance can get over this problem. The cooperative finance and the commercial bank have specific advantages in certain fields and can work efficiently in different fields. The cooperative finance must follow the business principle in the market e...
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