Abstract:
A recognition of the effectiveness of the mode of dualistic economy on the prospect of modernization of Chinese agriculture and its path of evolution will be impossible without identification of change of the farmer’s adaptability to the rate of accumulation in the course of transfer of selectivity of labour force. In fact, a discussion on modernization of Chinese agriculture will never return to the LewisJohn FeiRanis mode unless the rate of accumulation of labour force capital of farming resident families is converted to an endogenous variable. As is revealed by the LewisJohn FeiRanis mode, the prospect of modernization of Chinese agriculture will continually turn from a dualistic to a unitary structure. Therefore, the leading point to policies of Chinese agricultural development is to greatly raise the rate of accumulation of farmers’ labour force capital.