 Vietnam: Is Doi Moi the Way Forward in Post-crisis Asia?Malcolm Cooper Chapter 8 in Asian Post-crisis Management, 2002, pp 135-153 from Palgrave Macmillan Abstract: Abstract In the Vietnam of the 1970s and 1980s, government-policy discussions focused around the development of a liberalized market-oriented economy (through doi moi, or renovation) that would bring the country greater prosperity and higher standards of living (Beresford, 1988; 1997; Cooper, 1997; 2000; Le Dang Doanh and McCarty, 1997). From 1986, restrictions on private investment were gradually lifted and foreign investment and ownership encouraged in line with similar trends that were occurring throughout Asia. However, opening up the economy was not easy in the beginning as Vietnam lacked capital, experience, infrastructure and a trained labour force. Moreover, at that time Vietnam was virtually isolated from the outside world as a result of an American embargo on trade. Despite these constraints, so effective was the doi moi strategy that the country had by 1992 passed into a stage of rapid economic development. At the end of 1994 the American embargo was lifted, and in 1995 Vietnam was accepted as full member of Association of Southeast Asian Nations (ASEAN). Keywords: Foreign Direct Investment; Foreign Investment; Shadow Economy; Asian Crisis; Governmental Response (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59583-5_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.