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Vietnam between developmental state and neoliberalism: the case of the industrial sector

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  • Pietro Masina

    () (Dept. of Social Sciences - University of Naples “L’Orientale”)

Abstract

Since the mid 1980s Vietnam has launched a thorough programme of economic reforms, with a transition from central planning to a market-based economy. The gradual and pragmatic reform process achieved remarkable results in terms of sustainable economic growth and poverty reduction. With entrance into the WTO (in 2007), the country has become an important manufacturing hub and is attracting huge FDI flows, but with a risk of increased dependency from foreign capital and technology and vulnerability to exogenous shocks. This paper suggests that national authorities have so far (and rather successfully) relied on a large state sector to manage economic development but the government has not been able to design and implement coherent industrial strategies.

Suggested Citation

  • Pietro Masina, 2010. "Vietnam between developmental state and neoliberalism: the case of the industrial sector," Working Papers 1007, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.
  • Handle: RePEc:cme:wpaper:1007
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    File URL: http://193.205.129.80/repec/cme/wpaper/cmetwp_07_2010.pdf
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    References listed on IDEAS

    as
    1. Paul W. Miller & Jonathan J. Pincus, 2010. "Introduction," The Economic Record, The Economic Society of Australia, vol. 86(s1), pages 1-1, September.
    2. Harvey, David, 2007. "A Brief History of Neoliberalism," OUP Catalogue, Oxford University Press, number 9780199283279.
    3. Chang, Ha-Joon, 1993. "The Political Economy of Industrial Policy in Korea," Cambridge Journal of Economics, Oxford University Press, vol. 17(2), pages 131-157, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Quang Truong, 2015. "The network-based economy in Vietnam," Working Papers 2015/12, Maastricht School of Management.
    2. Sigrid C. O. Wertheim-Heck & Gert Spaargaren, 2016. "Shifting configurations of shopping practices and food safety dynamics in Hanoi, Vietnam: a historical analysis," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 33(3), pages 655-671, September.
    3. Pietro Masina, 2012. "Vietnam tra Flying Geese e middle-income trap: le sfide della politica industriale per una nuova tigre dell’Asia," Working Papers 1210, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.
    4. Antonio Angelino, 2017. "Human capital shortages in the Vietnamese industry. A firm-level analysis," Working Papers 1701, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.

    More about this item

    Keywords

    Vietnam; economic reform; industrial development; Washington Consensus.;

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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