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Vietnam tra Flying Geese e middle-income trap: le sfide della politica industriale per una nuova tigre dell’Asia

Author

Listed:
  • Pietro Masina

    () (Università degli Studi di Napoli "L'orientale")

Abstract

A 1993 World Bank report used the expression “East Asian miracle” to describe the impressive economic performance achieved by eight countries in the region. Within this group three Southeast Asian countries were singled out as the most suitable models for successful economic development – Indonesia, Malaysia and Thailand (ASEAN3). While the first generation of East Asian industrializers (especially Japan, South Korea, and Taiwan) had relied on a strong state intervention in the economy, these Southeast Asian economies were prized for their relatively liberal FDI attraction and trade policies. Twenty years after the famous World Bank report, however, these three economies have clearly failed to repeat the economic success of the South Korea and Taiwan. Rather, these countries seem to be victim of a so-called “middle-income trap”, that is, their industrial production continues to be dependent on foreign technology and management with a rather limited national added value. This paper discusses the case of Vietnam against this critical background. While Vietnam has been often presented as a promising “fifth” Asian tiger, there is a wide evidence to suggest that it may be trapped in the same unfavorable dynamics affecting the ASEAN3. Only well-targeted industrial policies may succeed in supporting a continuous process of industrial upgrading and improvement of the country position in the global value chain.

Suggested Citation

  • 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.
  • Handle: RePEc:cme:wpaper:1210
    as

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    File URL: http://193.205.129.80/repec/cme/wpaper/cmetwp_10_2012.pdf
    File Function: First version, 2012
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    References listed on IDEAS

    as
    1. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
    2. Chang, Ha-Joon, 2006. "Industrial policy in East Asia - lessons for Europe," EIB Papers 11/2006, European Investment Bank, Economics Department.
    3. Amsden, Alice H, 1991. "Diffusion of Development: The Late-Industrializing Model and Greater East Asia," American Economic Review, American Economic Association, vol. 81(2), pages 282-286, May.
    4. 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.
    5. Ginzburg, Andrea & Simonazzi, Annamaria, 2005. "Patterns of industrialization and the flying geese model: the case of electronics in East Asia," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1051-1078, January.
    6. Alice H. Amsden, 2007. "Escape from Empire: The Developing World's Journey through Heaven and Hell," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012340.
    7. Khalid Nadvi & John T. Thoburn & Bui Tat Thang & Nguyen Thi Thanh Ha & Nguyen Thi Hoa & Dao Hong Le & Enrique Blanco De Armas, 2004. "Vietnam in the global garment and textile value chain: impacts on firms and workers," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(1), pages 111-123.
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    Cited by:

    1. 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

    industrial policy; Vietnam;

    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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