From Plan to Market: The Economic Transition in Vietnam, 1st Edition (Hardback) book cover

From Plan to Market

The Economic Transition in Vietnam, 1st Edition

By Adam Fforde


358 pages

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Hardback: 9780367010102
pub: 2018-09-18
eBook (VitalSource) : 9780429039966
pub: 2019-03-13
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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 transition was largely bottom-up in character and that it evolved over a long enough period for the country's political economy to adjust. This explains in part the rapid shift to a high-growth, externally oriented development path in the early 1990s, despite the loss of Soviet aid and the lack of significant Western substitutes until 1992-1993. Based upon extensive incountry experience, a wealth of primary materials, and wide comparative knowledge of development issues, the book challenges many preconceived notions, both about Vietnam and about the general nature of transition processes.

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?

About the Author

Adam Fforde supervises and teaches Asian Economics and Comparative Development Policy at the University of Melbourne's Asia Institute.

Subject Categories

BISAC Subject Codes/Headings:
SOCIAL SCIENCE / Regional Studies