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Vietnam in the Global Economy: The Dynamics of Integration, Decentralization, and Contested Politics


Mega Sale! Save 23% on the Vietnam in the Global Economy: The Dynamics of Integration, Decentralization, and Contested Politics by Lexington Books at Hanoi PE. Hurry! Limited time offer. Offer valid only while supplies last. This book is, in essence, about incentives: the incentives for competing societal interest groups to cooperate with each other to benefit from a


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This book is, in essence, about incentives: the incentives for competing societal interest groups to cooperate with each other to benefit from a growing economic pie, rather than fighting over a bigger share of a smaller one. This is the conundrum of economic development. If elite interest groups have both incentive and ability to allocate resources toward themselves, and if such rent seeking causes a decline in economic inefficiency, how can economies ever grow? The book illuminates the mechanisms by which in one of the world’s recent economic success stories— Vietnam’s rapid industrialization and passage into the middle-income category—the interest in cooperating to grow the economy overrode the elites’ instinct to allocate resources through the use of political power. The book shows how the need to provide positive conditions for international investment altered pay-off structures and pushed the all-powerful Communist Party of Vietnam to engage in bargaining with provincial officials; provincial officials with international investors; and finally all coercive elites even with the working classes. It describes the emergence of a harmony of interest among societal groups in which each group benefits from a growing economy, and no one group can monopolize the benefits of growth without hurting itself. The Vietnam case validates Nobel-Prize winning economist Mancur Olson’s proposition that elite predation can only be kept in check when the elite itself suffers from the economic decline it causes at least as much as it gains from the rents it collects.

Additional Information

Manufacturer:Lexington Books
Publisher:Lexington Books
Studio:Lexington Books
EAN:9780739177860
Item Weight:1.35 pounds
Item Size:1.13 x 9.35 x 9.35 inches
Package Weight:1.25 pounds
Package Size:2.9 x 0.5 x 0.5 inches

Vietnam in the Global Economy: The Dynamics of Integration, Decentralization, and Contested Politics by Lexington Books

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Vietnam in the Global Economy: The Dynamics of Integration, Decentralization, and Contested Politics

Brand: Lexington Books
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