ENGLISH

The Political Economy of Growth in Vietnam: Between States and Markets

By Guanie Lim

Book information

Publisher
Routledge
Year
2020
ISBN
0367333864, 9780429321375, 2020017831, 2020017832, 9780367333867
Language
english
Format
EPUB
Filesize
2 MB (2118231 bytes)
Series
Routledge Contemporary Southeast Asia Series
Edition
1
Pages
108\0
Time added
2022-12-09 00:29:16

Description

Since the doi moi reforms in 1986, Vietnam has experienced a dramatic socioeconomic transformation. Lim examines the role of the state and its interaction with market forces in bringing this change about. Taking the motorcycle and banking industries as case studies, this book explores the dynamics between the state and transnational corporations in shaping the manufacturing and service sectors, respectively. Vietnam, as one of Southeast Asia’s quintessential latecomer economies with little prior experience of dealing with transnational corporations, has nevertheless been quite successful in maintaining some control over the impact of foreign direct investment. Yet, the learning outcomes remain highly uneven. In addition, Lim argues that Vietnamese advancement in both industries mirrors only partially the more generalized patterns of state-led development in East Asia’s earlier batch of latecomer economies. Vietnam’s case thus presents practical lessons on how to succeed in crafting and utilizing policy instruments to achieve domestic economic and technological upgrading. This book will be of great interest to scholars of political economy and industrial policy in East Asia, as well as to scholars and policy professionals analyzing approaches to development strategy more broadly.

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