Rethinking the Political Economy of Conservative Transition : The Case of Vietnam

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Fforde, Adam ORCID: 0000-0001-6088-8310 (2010) Rethinking the Political Economy of Conservative Transition : The Case of Vietnam. Journal of Communist Studies and Transition Politics, 26 (1). pp. 126-146. ISSN 1352-3279


The transition ‘from plan to market’ under a politically conservative regime in Vietnam, where the communist party remains in power, can be seen as an example of a process in which evolving endogenous forces drove and resourced institutional change. Two sets of phenomena are analytically important. The first may be understood as the creation and seeking out of economic rents in the ‘neo-classical’ sense of resources available ‘below economic costs’; the second, more ‘classical’, concentrates upon the central importance of ‘appropriable resources’. These two are both important because, in trying to understand emergent capitalism after transition, they push to the fore the historical emergence of factor markets (land, labour and capital). Social networks created during transition for ‘rent-switching’ later support advantageous access to resources created for plan implementation andmay then, as a formof capitalismemerges, be used to access resources in forms appropriate to market-oriented activity. It becomes clear that ‘rent-switching’ may have effects upon static economic efficiency that are positive during transition but negative afterwards, so that the significance of ‘rents’ depends upon context.

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Item type Article
DOI 10.1080/13523270903511855
Official URL
Subjects Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Historical > FOR Classification > 1402 Applied Economics
Historical > SEO Classification > 9499 Other Law, Politics and Community Services
Keywords ResPubID20503, Vietnam, economic rents, appropriable resources, capitalism, economic efficiency
Citations in Scopus 3 - View on Scopus
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