Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5092709 | Journal of Comparative Economics | 2009 | 14 Pages |
Abstract
While village industries are known to play an important role in the development of rural areas in developing countries, little is known about village industries in transition economies. This paper inquires into the transformation process of a village industry in northern Vietnam from a traditional to a modern cluster where new iron and steel products are produced. We found that proprietors' human capital acquired by formal education and experience in marketing and management as well as their family ties are critically important for upgrading product lines and improving management, marketing, and consequently the overall performance of the village enterprises.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Vu Hoang Nam, Tetsushi Sonobe, Keijiro Otsuka,