Although there have been many studies on the notion of
crony capitalism, very few of them systematically investigated
the costs of capitalism for nations. Academic works on crony
capitalism published in Vietnam are rarer, and almost none
examines these costs. The purpose of the study is to introduce
and thoroughly analyze the costs of crony capitalism for Asian
countries and Vietnam. Using the classification of Enderwick,
the findings of the study point out the adverse effects of
capitalism under four main types of costs: Allocative
Inefficiency, Dynamic Inefficiency, Corruption and Transaction
Costs, and Social and Political Instability. The study also
provides some implications in order to minimize these costs
