The Social Construction of Entrepreneurs
This chapter outlines the alignment of interests which helped form the new economic relations and transactions behind Vietnam's private real estate market. Introducing the term fiscal socialism, it shows how the firms were able to connect the increased land use authority that was decentralized to under-funded local governments with the desire for more housing from the rapidly growing number of households with rising incomes but few investment alternatives. More importantly, the chapter details how the interests of fiscal socialism were aligned through the reconstruction of social cognition. It also shows how social cognition was re-constructed again when other members of society, particularly the rural population who were displaced for new urban development projects, contested their role in fiscal socialism.
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