Asia Pacific Press at the Australian National University, 2003 - Political Science - 308 pages
Viet Nam has seen consistent rapid economic growth and impressive declines in poverty since it initiated its Doi Moi economic reforms in the late 1980s. Viet Nam has taken a selective, step-by-step approach to reform - an approach often criticized by proponents of the Washington Consensus. That this approach has been so successful has come as something of a surprise to much of the international community. Analyzing closely aspects of Viet Nam's reform process, enterprise development, income growth and poverty alleviation, this book argues that Viet Nam's remarkable development is not readily explained by the more orthodox versions of the Washington Consensus. Successful policy is not built on mechanistic replication of some general reform blueprint, but on responding pragmatically to specific national circumstances. Government policy has had an impact on economic performance but economic experience has also guided the formulation of economic policy. Faced with increasingly complex economic conditions, Vietnamese policymakers will need to rely more than ever on their flexibility and pragmatism if Viet Nam's remarkable economic performance is to be sustained.
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Viet Nam and its recent experience with development
Geography resources and population
Economic performance and key issues
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acceleration achieved activities administrative agricultural allocation areas argued Asian Development Bank budget capital cent Central Highlands centrally planned Communist Party constraints contributed cooperatives corporations decisions decline Decree despite Doi Moi donor East Asian economic growth Enterprise Law enterprise reform equitisation estimated example exports external foreign direct investment foreign investment formal Hanoi households impact implementation important improved incentives income increased industrial infrastructure institutions International Monetary Fund investors issues macroeconomic market economy Mekong Mekong Delta million Minh City National Assembly non-state North Central Coast official official development assistance organisations output ownership Party Congress Party of Vietnam performance period population poverty alleviation poverty line private enterprises private sector production provincial Red River Delta reduced reform process region result role rural share social Statistics Office successful trade urban Viet Nam's Vietnamese World Bank
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