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Young Entrepreneurs, Social Capital and Doi Moi in Hanoi, Vietnam

Author

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  • Sarah Turner

    (Department of Geography, McGill University, 805 Sherbrooke Street W., Montreal, Quebec H3A 2K6, Canada. turner@geog.mcgill.ca)

  • Phuong An Nguyen

    (Centre for East and South-east Asian Studies, Lund University, PO Box 792, 220 07 Lund, Sweden. an_phuong.nguyen@ace.lu.se)

Abstract

Young entrepreneurs establishing enterprises in Hanoi, Vietnam, are faced with an economic environment very different from that of their parents' generation, as doi moi (renovation) introduced in 1986 creates an increasingly capitalist market economy. Drawing on field studies in Hanoi we consider whether such entrepreneurs are able to take advantage of social capital networks-namely, bonding, bridging or linking, or indeed if they are disadvantaged by them in the establishment and operations of their enterprises. Our findings show that whilst bonding capital is an essential tool for 'getting by', albeit with negative consequences at times, bridging and linking social capital are not nearly as well formed.

Suggested Citation

  • Sarah Turner & Phuong An Nguyen, 2005. "Young Entrepreneurs, Social Capital and Doi Moi in Hanoi, Vietnam," Urban Studies, Urban Studies Journal Limited, vol. 42(10), pages 1693-1710, September.
    • Handle: RePEc:sae:urbstu:v:42:y:2005:i:10:p:1693-1710
    DOI: 10.1080/00420980500231563
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    References listed on IDEAS

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    1. Steer, Liesbet & Taussig, Markus, 2002. "A little engine that could: domestic private companies and Vietnam?s pressing need for wage employment," Policy Research Working Paper Series 2873, The World Bank.
    2. Woolcock, Michael & Narayan, Deepa, 2000. "Social Capital: Implications for Development Theory, Research, and Policy," The World Bank Research Observer, World Bank, vol. 15(2), pages 225-249, August.
    3. Carpenter, Jeffrey P. & Daniere, Amrita G. & Takahashi, Lois M., 2004. "Cooperation, trust, and social capital in Southeast Asian urban slums," Journal of Economic Behavior & Organization, Elsevier, vol. 55(4), pages 533-551, December.
    4. Sjoerd Beugelsdijk & Sjak Smulders, 2003. "Bridging and Bonding Social Capital: which type is good for economic growth?," ERSA conference papers ersa03p517, European Regional Science Association.
    5. Henrik Hansen & John Rand & Finn Tarp, 2004. "SME Growth and Survival in Vietnam: Did Direct Government Support Matter?," Discussion Papers 04-13, University of Copenhagen. Department of Economics.
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    7. Durlauf,S.N., 1999. "The case "against" social capital," Working papers 29, Wisconsin Madison - Social Systems.
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    Cited by:

    1. Chi Huu Nguyen & Christophe J. Nordman, 2018. "Household Entrepreneurship and Social Networks: Panel Data Evidence from Vietnam," Journal of Development Studies, Taylor & Francis Journals, vol. 54(4), pages 594-618, April.
    2. Nguyen Thi Thu Phuong & Laure Pasquier-Doumer, 2018. "The role of Social Networks on Household Business Performance in Vietnam: A qualitative assessment," Working Papers DT/2018/13, DIAL (Développement, Institutions et Mondialisation).
    3. Vanessa Sha Fan & Renuka Mahadevan, 2019. "The Role of Social Capital and Remote Chinese Villagers’ Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(3), pages 1109-1128, June.

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