The Socialist Market Economy in Asia: Development in China, Vietnam and Laos

This book explores the development of authoritarian states led by communist parties in China, Vietnam, and Laos, comparing their economic growth with other countries at similar income levels. It highlights the successes of the socialist market economy model but also notes market reforms and governance failures that have led to unequal societies and environmental problems.

Format: Paperback / softback
Length: 353 pages
Publication date: 27 October 2021
Publisher: Springer Verlag, Singapore

This comprehensive book is meticulously crafted to cater to a diverse audience, including policy-makers, academics, and students specializing in development studies, area studies, political economy, geography, and political science. Among the remarkable global performers in terms of economic growth, we find authoritarian states led by communist parties, showcasing remarkable success. The 'socialist market economy model' adopted in China, Vietnam, and Laos has proven to outperform economic systems in countries with similar income per capita on a wide array of development indicators. However, despite the apparent advantages of this model, market reforms and governance failures have resulted in highly unequal societies and significant environmental challenges.

To address these pressing issues, this book presents the first comprehensive comparative study of development in these three countries. Written by esteemed country experts and scholars of development studies, it delves into the ongoing debate between market and state within their unique models and explores the coherence of their development strategies.

Chapter 5 of this book is made freely accessible to the public through a Creative Commons Attribution 4.0 International License. You can access it by following the provided link: link.springer.com.

Weight: 488g
Dimension: 210 x 148 (mm)
ISBN-13: 9789811562501
Edition number: 1st ed. 2020