This clear and accessible text explores Vietnam's successful transition from neo-Stalinist central planning to a market economy—"Vietnamese style." After describing the north Vietnamese system prior to 1975 and its colonial and precolonial antecedents, the authors uncover the mechanisms of that changeover. They contend that the Vietnamese transitio
Table of Contents
Preface -- Introduction -- The Nature of Economic Transition -- Historical Context -- Basic Constraints: Natural, Human, and Organizational -- Development Strategy -- Markets and Sectors -- Social Aspects, Equity, and the New Development Model -- Accumulation, Savings, and Market Development: Processes of Change Reconsidered -- Macroeconomic Stability: The Role of the State -- Conclusions: Tiger on a Bicycle?
Adam Fforde supervises and teaches Asian Economics and Comparative Development Policy at the University of Melbourne's Asia Institute.