Vietnam between developmental state and neoliberalism: the case of the industrial sector

Pietro Masina

No 1007, Working Papers from c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione

Abstract: Since the mid 1980s Vietnam has launched a thorough programme of economic reforms, with a transition from central planning to a market-based economy. The gradual and pragmatic reform process achieved remarkable results in terms of sustainable economic growth and poverty reduction. With entrance into the WTO (in 2007), the country has become an important manufacturing hub and is attracting huge FDI flows, but with a risk of increased dependency from foreign capital and technology and vulnerability to exogenous shocks. This paper suggests that national authorities have so far (and rather successfully) relied on a large state sector to manage economic development but the government has not been able to design and implement coherent industrial strategies.

Keywords: Vietnam; economic reform; industrial development; Washington Consensus. (search for similar items in EconPapers)
JEL-codes: L52 O11 O19 O53 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2010-12
New Economics Papers: this item is included in nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:cme:wpaper:1007

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