Rent seeking continues to be a topic of much discussion and debate
within the 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 reexamine 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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