Political Economy of Growth in Vietnam: Between States and Markets

Since the 1986 doi moi reforms, Vietnam has undergone a socioeconomic transformation, with Lim examining the role of the state and its interaction with market forces. The book explores the dynamics between the state and transnational corporations in shaping the manufacturing and service sectors, presenting practical lessons on how to succeed in crafting and utilizing policy instruments to achieve domestic economic and technological upgrading.

Format: Hardback
Length: 98 pages
Publication date: 06 October 2020
Publisher: Taylor & Francis Ltd

Since the implementation of the doi moi reforms in 1986, Vietnam has undergone a remarkable socioeconomic transformation. In his insightful work, Lim delves into the intricate dynamics between the state and market forces, exploring their role in driving this transformative change. Through comprehensive case studies of the motorcycle and banking industries, the author sheds light on the intricate interplay between the state and transnational corporations in shaping these sectors.

As a latecomer economy with limited prior experience in dealing with transnational corporations, Vietnam has achieved remarkable success in maintaining control over the impact of foreign direct investment. However, the learning outcomes remain highly uneven, highlighting the need for further policy interventions to address these disparities.

What sets Vietnam's case apart is its partial reflection of the more generalized patterns of state-led development observed in East Asia's earlier batch of latecomer economies. This unique perspective offers valuable insights into the strategies and policies that can lead to domestic economic and technological upgrading.

This book is a valuable resource for scholars of political economy and industrial policy in East Asia, as well as for scholars and policy professionals engaged in analyzing approaches to development strategy more broadly. It provides a deep understanding of the complex dynamics between the state, market forces, and transnational corporations, and offers practical lessons for policymakers seeking to achieve sustainable development in the region.

Weight: 304g
Dimension: 163 x 240 x 14 (mm)
ISBN-13: 9780367333867