IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Vietnam's Lesson for China: An Examination of the Sachs–Woo Hypothesis

Listed author(s):
  • Nazrul Islam


    (International Center for the Study of East Asian Development (ICSEAD), 11-4 Otemachi, Kokurakita, Kitakyushu 803-0814, Japan.)

This paper examines the Sachs and Woo hypothesis that the experience of Vietnam's 1989 reforms shows that China would have grown faster had she followed the ‘big bang’ approach to reform instead of the gradual approach. The paper scrutinises this hypothesis from the viewpoint of accuracy of facts, appropriateness of characterisation, and acceptability of the hypothesis. The paper finds that Sachs and Woo fall short of meeting these criteria. The paper next examines the possible source of Sachs' and Woo's pitfalls and shows that the source lies in the authors’ subjective preference for the big bang approach to reform. Comparative Economic Studies (2008) 50, 111–157. doi:10.1057/palgrave.ces.8100238

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Link to full text PDF
Download Restriction: Access to full text is restricted to subscribers.

File URL:
File Function: Link to full text HTML
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Palgrave Macmillan & Association for Comparative Economic Studies in its journal Comparative Economic Studies.

Volume (Year): 50 (2008)
Issue (Month): 1 (March)
Pages: 111-157

in new window

Handle: RePEc:pal:compes:v:50:y:2008:i:1:p:111-157
Contact details of provider: Web page:

Web page:

More information through EDIRC

Order Information: Web:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:50:y:2008:i:1:p:111-157. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)

or (Rebekah McClure)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.