A Short Economic History of Vietnam, 1945–1986

Stewart W. Herman

Chapter 8 in International Businesses and the Challenges of Poverty in the Developing World, 2004, pp 139-151 from Palgrave Macmillan

Abstract: Abstract Measured by modem economic standards, Vietnam has been very poor throughout its history. Its largely agrarian economy did not permit the accumulation of surpluses which would have fuelled economic development. While handicrafts and small-scale industry certainly did thrive, economic development in the Western sense began only after the mid-nineteenth century, under the impetus of French colonialism. Subjected to colonial exploitation, and then Soviet-style socialist development, Vietnam achieved a per capita income of only US$94 in 1981. This figure rose to US$138 by 1991, by which point some 70 per cent of its population still fell under the poverty line. Another decade later, however, its per capita income climbed to more than US$400, and the Vietnamese government claims that the percentage of people beneath the poverty line was halved, to 32 per cent.1

Keywords: Social Capital; Human Capital; Private Sector; Foreign Direct Investment; Poverty Line (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52250-3_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230522503

DOI: 10.1057/9780230522503_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().