Innovation in the household business and informal sectors
Hai Anh, La (2017), Innovation in the household business and informal sectors, in Nguyen, Thang; Oudin, Xavier; Pasquier-Doumer, Laure, The Importance of Household Businesses and the Informal Sector for Inclusive Growth in Vietnam, IRD éd. : Paris, p. 213-228
Book titleThe Importance of Household Businesses and the Informal Sector for Inclusive Growth in Vietnam
Book authorNguyen, Thang; Oudin, Xavier; Pasquier-Doumer, Laure
Number of pages326
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Author(s)Hai Anh, La
Abstract (EN)Vietnam is at a crossroads. Over the past 30 years political and economic reforms have fulfilled their tasks: significant economic growth, a transition from low to lowermiddle income status and remarkable poverty reduction. However, signs of a growth slowdown have recently emerged in Vietnam as the drivers of growth and poverty reduction have run out of steam and Vietnam is facing new challenges. Along with population ageing and premature deindustrialization challenges1 expected to take place in Vietnam (Rodrik, 2014), boosting productivity is the only way for Vietnam to return to a high-growth trajectory. In the new global context of the fourth industrial revolution,2 the single most important driver of productivity in Vietnam is innovation. The economic exploration of innovation started at the beginning of the 20th century, and the dynamics of economic growth back then cannot be explained by the production function models of Solow (1956) and Swan (1956). Innovation and technical change are considered a potential way that nations can enhance their competitive positions in global value chains (Gereffi et al., 2005).
Subjects / KeywordsInformal sector; Social Networks
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