Rent Seeking and Development: The Political Economy of Industrialization in Vietnam.

1st Edition

Christine Ngoc Ngo

Routledge
April 29, 2020 Forthcoming
Reference - 264 Pages
ISBN 9781138100763 - CAT# Y211291
Series: Routledge Studies in Development Economics

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Summary

Rent seeking continues to be a topic of much discussion and debate within political economy. This new study challenges previous assumptions and sets out a new analysis of the dynamics of rent and rent seeking in development, using Vietnam as a case study.

This book provides an alternative approach to the study of economic development and illuminates new perspectives in a contemporary context. It argues that not only has there been an incomplete understanding of Vietnam’s industrial development over the last three decades, but that neoclassical economics do not adequately address many of the issues endangering Vietnam’s development. 

A significant observation of the Vietnamese experience is the analytical view that rents can be developmental and growth-enhancing if the configuration of rent management incentivizes industrial upgrade and conditions firm performance. Underlining the need to re-examine how economic actors and the state collaborate through formal and informal institutions, this study fills a gap in the scholarship of the political economy of rent and rent seeking and how rents might be used for developmental purposes.

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