Download or read book Specialization Without Regret written by Michael R. Carter and published by World Bank Publications. This book was released on 1999 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In China, where collectives own farmland but farmers may hold "use rights" to the land, a case can be made for a property rights system with incomplete security of tenure but with strong transfer rights, which permit "specialization without regret"-- so farmers can recoup the value of an investment even if they exit farming.