Conclusion
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Conclusion. / Rand, John; Tarp, Finn.
Micro, Small, and Medium Enterprises in Vietnam. ed. / John Rand; Finn Tarp. Oxford : Oxford University Press, 2020. p. 253-258 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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RIS
TY - CHAP
T1 - Conclusion
AU - Rand, John
AU - Tarp, Finn
PY - 2020
Y1 - 2020
N2 - Structural change has been a significant contributor to Vietnam’s impressive growth experience over the past three decades. Labour has moved rapidly from agriculture into manufacturing, with important improvements in livelihoods as the result. The private sector has played a key role in this success story, and especially small and medium enterprises (SMEs) have shown the necessary dynamism to adapt to an economic policy and institutional reform design, characterized as decentralized experimentalism. This dynamism of private SMEs has played a crucial role for the pace of diffusion of experimental successes—upstream and downstream along the value chain. Whether this success will carry into the future when innovation of new technologies and productivity growth will have to become core drivers of Vietnam’s growth prospects stands out as a major challenge for future success.
AB - Structural change has been a significant contributor to Vietnam’s impressive growth experience over the past three decades. Labour has moved rapidly from agriculture into manufacturing, with important improvements in livelihoods as the result. The private sector has played a key role in this success story, and especially small and medium enterprises (SMEs) have shown the necessary dynamism to adapt to an economic policy and institutional reform design, characterized as decentralized experimentalism. This dynamism of private SMEs has played a crucial role for the pace of diffusion of experimental successes—upstream and downstream along the value chain. Whether this success will carry into the future when innovation of new technologies and productivity growth will have to become core drivers of Vietnam’s growth prospects stands out as a major challenge for future success.
KW - Faculty of Social Sciences
KW - Vietnam
KW - growth drivers
KW - small and medium enterprises
KW - labour
KW - manufacturing
KW - economic policy
KW - new technologies
KW - productivity
KW - reform
U2 - 10.1093/oso/9780198851189.001.0001
DO - 10.1093/oso/9780198851189.001.0001
M3 - Book chapter
SN - 9780198851189
T3 - WIDER Studies in Development Economics
SP - 253
EP - 258
BT - Micro, Small, and Medium Enterprises in Vietnam
A2 - Rand, John
A2 - Tarp, Finn
PB - Oxford University Press
CY - Oxford
ER -
ID: 237961243