The Japanese Development Strategy as a Model for Vietnam? : Lessons from the Systemic Change in Japan after World War II

The scientific debate on systemic transition from a command-style to a market economy focused in the past mainly on the cases of former soviet countries and China (e. g. Heiduk, 1997). The case of Vietnam has been given little attention before the Asian crisis shed some light on the economic performance of that country. Vietnam’s role as an outsider is astonishing, taken into consideration that its economic development is with an average growth rate below 9 % and an inflation rate below 10 % impressive. That underlines the notion that Vietnam has coped with the transformation process much better than other (former) socialist countries in transition (see table 1). Also, the point that Vietnam has managed to survive the Asian Crisis much better than neighbouring countries (although rapid growth slowed down as a result of the turmoil in Asia to 6-7 %), turns it into an interesting study field for development economists



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