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The Role of the State in Vietnam's Economic Transistion

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  • Suiwah Leung
  • James Riedel

Abstract

This paper discusses Vietnam’s economic development for the three decades since the early 1980s, and the changing role that the state played in this process. The success of the first major liberalization step (Doi Moi ) is attributed, in large part, to the microeconomic/structural reforms that occurred throughout the 1980s and to the confluence of economics and politics. This did not continue into the second half of the 1990s when reforms stalled. Since the Asian financial crisis in 1997/98, the pace of reforms has accelerated. This paper argues that, for the reforms to be effective, the state has to be viewed as performing a catalytic role whilst permitting the private sector to contribute directly to economic growth.

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File URL: https://crawford.anu.edu.au/degrees/idec/working_papers/IDEC01-1.pdf
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Bibliographic Info

Paper provided by International and Development Economics in its series International and Development Economics Working Papers with number idec01-1.

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Length: 39 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:idc:wpaper:idec01-1

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  1. Hill, Hal, 2000. "Export Success Against the Odds: A Vietnamese Case Study," World Development, Elsevier, vol. 28(2), pages 283-300, February.
  2. Rodrik, Dani, 2000. "Institutions For High-Quality Growth: What They Are And How To Acquire Them," CEPR Discussion Papers 2370, C.E.P.R. Discussion Papers.
  3. Dollar David, 1994. "Macroeconomic Management and the Transition to the Market in Vietnam," Journal of Comparative Economics, Elsevier, vol. 18(3), pages 357-375, June.
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Cited by:
  1. Doner, Richard, 2012. "Success as Trap? Crisis Response And Challenges To Economic Upgrading in Export-Oriented Southeast Asia," Working Papers 45, JICA Research Institute.
  2. Patrick de Fontenay & Suiwah Leung, 2002. "Managing commodity price fluctuations in Vietnam's Coffee Industry," International and Development Economics Working Papers idec02-4, International and Development Economics.
  3. Tran Tri Dung & Quan Hoang Vuong, 2009. "A Note on Studies of Monetary Policy and Implementation in Vietnam," Working Papers CEB 09-024.RS, ULB -- Universite Libre de Bruxelles.

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