In the wake of reforms to establish a free market in land-use rights, Vietnam is experiencing a pronounced rise in rural landlessness. To some observers this is a harmless by-product of a more efficient economy, while to others it signals the return of the pre-socialist class-structure, with the rural landless at the bottom of the economic ladder. The authors' theoretical model suggests that removing restrictions on land markets will increase landlessness among the poor, but that there will be both gainers and losers, with uncertain impacts on aggregate poverty.
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Library ResourceJune, 2012Vietnam
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Library ResourceAugust, 2014Vietnam
While liberalizing key factor markets is
a crucial step in the transition from a socialist
control-economy to a market economy, the process can be
stalled by imperfect information, high transaction costs,
and covert resistance from entrenched interests. The authors
study land-market adjustment in the wake of Vietnam's
reforms aiming to establish a free market in land-use rights
following de-collectivization. Inefficiencies in the initial -
Library ResourceReports & ResearchMay, 2012Vietnam
The policy reforms called for in the
transition from a socialist command economy to a developing
market economy bring both opportunities and risks to a
country's citizens. In poor economies, the initial
focus of reform efforts is naturally the rural sector, which
is where one finds the bulk of the population and almost all
the poor. Economic development will typically entail moving
many rural households out of farming into more remunerative
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