Vietnam's Export-Led Growth Model and Competition with China
AbstractThe emergence of China has raised some doubts concerning the possibility for new Asian countries to take off and join the group of emerging countries. This paper addresses this question in the case of Vietnam, which has been following China's path closely and very successfully during the last two decades. We first describe Vietnam's export-led growth strategy, and its results in terms of economic growth and world integration. Then we analyze Vietnam trade specialization compared to China's and other Asian emerging countries'. Finally, we show that Vietnam's and China's export structures are very different and that China is not "crowding out" Vietnam for textile & clothing products on the US market. In the long term, a major challenge for Vietnam is to diversify exports and take part in the regional production network.
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Bibliographic InfoArticle provided by CEPII research center in its journal Economie Internationale.
Volume (Year): (2009)
Issue (Month): 118 ()
Vietnam; China; export-led growth; textile & clothing; trade specialization;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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