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.
I: Rent Management as Development II: Rethinking Rent Seeking for Development and Technological Change III: Developmental Rent Management Analysis: Learning, Upgrading and Innovation IV: The Telecommunications Industry: A Leap of the Giants V: The Textile and Garment Industry in the Value Chain and Industrial VI: The Motorcycle Industry: The Triangular Rent-Seeking Relationship amongst Vietnam, Japan and China VII: Industrial Transformation and Rent Seeking: Lessons for Development