The Political Economy of Growth in Vietnam: Between States and Markets

Since the 1986 doi moi reforms, Vietnam has undergone a socioeconomic transformation. Lim examines the role of the state and its interaction with market forces in bringing this change about, using the motorcycle and banking industries as case studies. Vietnam has been successful in maintaining control over the impact of foreign direct investment, but the learning outcomes remain uneven. The case presents practical lessons on how to succeed in crafting and utilizing policy instruments to achieve domestic economic and technological upgrading.

Format: Paperback / softback
Length: 108 pages
Publication date: 29 April 2022
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 the lens of case studies, particularly focusing on the motorcycle and banking industries, the author examines 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 sheds light on the complex dynamics between the state, market forces, and transnational corporations, providing valuable insights into the challenges and opportunities faced by emerging economies in the global landscape.

Weight: 200g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367537562