Thomas Jandl

Vietnam in the Global Economy (eBook, PDF)

The Dynamics of Integration, Decentralization, and Contested Politics

• Format: PDF

Produktbeschreibung

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.

Produktdetails

• Verlag: Bloomsbury eBooks US
• Seitenzahl: 312
• Erscheinungstermin: 24. Oktober 2013
• Englisch
• ISBN-13: 9798216328704
• Artikelnr.: 74842393

Autorenporträt

Thomas Jandl is scholar in residence at the School of International Service at American University. He is also a consultant to the government of Vietnam in economic policy matters.

Inhaltsangabe

Chapter 1: Introduction Chapter 2: Theory and Research Methodology Chapter
3: From Roving to Stationary Bandit-A History Chapter 4: Decentralization,
FDI, and Provincial Governance Chapter 5: Proximity and Contestation
Chapter 6: Race to the Bottom vs. Harmony of Interest Chapter 7:
Capital-Labor Relations and the Harmony of Interest Chapter 8:
Central-Local Harmony and Political Control Chapter 9: Lessons for Theory
and Practice Epilogue Appendix 1: The PAPI Appendix 2: List of Interviews