Viet Nam: A Transition Tiger?Viet Nam has seen consistent rapid economic growth and impressive declines in poverty since it initiated its Doi Moi economic reforms in the late 1980s. Viet Nam has taken a selective, step-by-step approach to reform—an approach often criticised by proponents of the Washington Consensus. That this approach has been so successful has come as something of a surprise to much of the international community. Analysing closely aspects of Viet Nam’s reform process, enterprise development, income growth and poverty alleviation, Viet Nam: a transition tiger? argues that Viet Nam’s remarkable development is not readily explained by the more orthodox versions of the Washington Consensus. Successful policy is not built on mechanistic replication of some general reform blueprint, but on responding pragmatically to specific national circumstances. Government policy has had an impact on economic performance but economic experience has also guided the formulation of economic policy. Faced with increasingly complex economic conditions, Vietnamese policymakers will need to rely more than ever on their flexibility and pragmatism if Viet Nam’s remarkable economic performance is to be sustained. |
Other editions - View all
Common terms and phrases
acceleration accounted achieved activities administrative agricultural areas argued Asian assistance authorities Bank capital cent Central companies continued contributed cooperatives corporations decisions decline Decree Delta despite direct Doi Moi domestic early economic economic growth effective enterprises equitisation established estimated example expansion experience exports external foreign foreign investment formal growth Hanoi households impact implementation important improved income increased industrial infrastructure initial institutions investment issues land limited million noted official operate output particularly Party Congress performance period planning political poor population poverty private sector production recent reduced reform region remained Report response result River Delta role rural share social Source Statistical strong successful Table trade transition urban Viet Nam Viet Nam’s Vietnam Vietnamese World Bank
Popular passages
Page x - ... 2002a. Vietnam, Delivering on Its Promise: Development Report 2003. Hanoi. . 2002b. World Development Report: Building Institutions for Markets. Washington, DC Parti Vietnam's Economic Performance in the 1990s Reform, Growth, and Poverty David Dollar Vietnam has been one of the fastest-growing economies in the world in the 1990s, and yet by many conventional measures it has economic policies that are mediocre at best. In the Heritage Foundation's Index of Economic Freedom 2000 (O'Driscoll, Holmes,...
Page iv - How do we account for the persistence of poverty in the midst of plenty? If we know the sources of plenty, why don't poor countries simply adopt policies that make for plenty?
Page 13 - Even a stable proportion of urban population in the total population would imply some rural-urban migration, as fertility rates have fallen faster in urban areas than in the countryside (in...
Page 6 - ... making it easier to achieve increases in per capita income, which in turn is associated with a further decline in birth rates.
Page x - The most persistent areas of criticism have related to the reform of state enterprises and the regulatory environment for foreign investment.
Page ix - Adjacent to the region which was in the midst of a sustained boom (until the crisis of 1997), there was a spill-over of capital and entrepreneurial energy from dynamic neighbours.
Page xiii - POPULATION Viet Nam is the twelfth most populous country in the world, but only fiftyeighth largest in terms of land area (Communist Party of Vietnam 200 Ib).