Economic Development

 

• Vietnam, The Making of a Market Economy

 Economic transformation hinges on two crucial inputs: political stability and prudential deregulation. If one of them is missing, growth and development will not ensue and development aid will be wasted... [weiterlesen]

 

• Vietnam, The Politics of Economic Transformation

 Vietnam is one of the poorest countries in Asia. Warfare from 1945 to 1989 with France, the US, China and Kambodia, bureaucratic socialism, a Stalinist preference for heavy industry and a corresponding neglect of agriculture, the eradication of private enterprise, the absence of financial intermediation, economic and political isolation as a result of the ongoing US embargo, a population explosion and hyperinflation have virtually ruined the economy... [weiterlesen]