Strategic Choices for China and Vietnam in the Twenty-First Century

Dwight Perkins

Chapter 12 in New Development Strategies, 2004, pp 251-271 from Palgrave Macmillan

Abstract: Abstract China since 1978 and Vietnam since 1989 have taken major steps towards becoming market economies. In the first decades of market-oriented reform the choices facing policy makers have been comparatively simple, but no reasonable person could think that active government direction is a sensible way of managing household farms, retail shops or even small industrial enterprises. If the objective is political control rather than economic growth or efficiency, of course, government intervention may make sense in almost any sphere, but the political leaders of China and Vietnam clearly want economic growth, not just political control.

Keywords: Foreign Direct Investment; World Trade Organization; Industrial Policy; Strategic Choice; State Enterprise (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1057/9780230523609_12

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