Article ID Journal Published Year Pages File Type
5092709 Journal of Comparative Economics 2009 14 Pages PDF
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 Economics, Econometrics and Finance Economics and Econometrics
Authors
, , ,