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The Employment and Social Consequences of Vietnam's International Economic Integration

Author

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  • Adam McCarty

    (Institute of Social Studies, The Hague)

Abstract

The social consequences of restructuring can largely be understood in terms of the net employment impact and the imapct on government expenditures and revenues. When restructuring entails unemployment, government expenditure can mitigate the financial costs faced by those losing jobs at the opportunity cost of overall welfare (other opportunities for government welfare spending). Restructuring, however, doesn't cause unemployment per se. Restructuring involves chnages to the 'rules of the game" (or new rules) by which economic activity is conducted. In the context of vietnam, "restructuring" is generally understood to mean a reduction in the scope and scale of state sector commercial activity through equitisation and similar reforms. This paper examines labour issues in restructuring Vietnam's state sector, the social protection system and options for state enterprise reform.

Suggested Citation

  • Adam McCarty, 2001. "The Employment and Social Consequences of Vietnam's International Economic Integration," Labor and Demography 0110002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0110002
    Note: Type of Document - ; pages: 35; figures: included. Paper presented at UNIDO/UNDP/CIEM conference, 31 march 1999.
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    References listed on IDEAS

    as
    1. David O’Connor, 1996. "Labour Market Aspects of State Enterprise Reform in Viet Nam," OECD Development Centre Working Papers 117, OECD Publishing.
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    More about this item

    Keywords

    international integration; Vietnam; restructuring; labour markets; social insurance; state enterprise reform;
    All these keywords.

    JEL classification:

    • J00 - Labor and Demographic Economics - - General - - - General

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