Learning to be Capitalists Entrepreneurs in Vietnams Transition Economy

Hardcover | September 22, 2008

byAnnette Miae Kim

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Given the overwhelming number of ineffective economic reform policies and programs, a central question for international development concerns how significant economic change happens. In the midst of this quandary, a puzzle has been growing quietly the last two decades. Vietnam has transitionedfrom a poor, centrally planned economy to one of the fastest growing, market economies in the world, despite ignoring conventional reform strategies. This book focuses on solving a specific puzzle of Vietnam's transition. Its fastest growing city, Ho Chi Minh City, has a real estate industry thatranks as the worst place in the world for private capital to invest . Nevertheless, entrepreneurs have emerged to form private firms within the first decade of transition. Where did these people come from? How could they conduct business in such an inhospitable economic environment? The book findsthat the transition to capitalism is neither the natural propensity of individuals nor the decision of an all-powerful state nor necessarily requires a long, evolutionary process.The major, rapid, and discontinuous economic change that occurred in Vietnam was fundamentally enabled by a socialreconstruction of cognitive paradigms. The new social cognition framework accounts for why some firms were more successful than others as well as why Vietnam's capitalism has surprising characteristics.

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Given the overwhelming number of ineffective economic reform policies and programs, a central question for international development concerns how significant economic change happens. In the midst of this quandary, a puzzle has been growing quietly the last two decades. Vietnam has transitionedfrom a poor, centrally planned economy to o...

Annette M. Kim is Ford International Career Development Professor of International Urban Development at M.I.T.'s Department of Urban Studies and Planning. She teaches courses on property rights, public finance, housing, and project appraisal in developing countries.

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Kobo ebook|May 27 2015

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Format:HardcoverDimensions:160 pages, 9.25 × 6.13 × 0.98 inPublished:September 22, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195369394

ISBN - 13:9780195369397

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