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This collection of articles from a variety of scholars and economic specialists is particularly timely because Vietnam was such a late bloomer in the East Asian financial miracle of the early 1990s and thus did not suffer the same crisis as the rest of the region in 1997. Twelve contributions address the question of how Vietnam should pursue development of its own financial system, and through examinations of both the Asian economic crisis and the Vietnamese economy concludes that Vietnam may escape collapse in the short term, but should implement significant reforms if it wants to avoid difficulties in the future. Annotation copyrighted by Book News, Inc., Portland, OR
Taking a developmental approach, this book critically reviews Vietnam's reform process and shows how the country’s reform agenda is still dominated by a ‘developmental orthodoxy’ inspired by a post-Washington consensus. The author argues that a wider debate is needed in order to give national policy makers the full spectrum of alternatives to support well-informed policy decisions. In particular, the book indicates that two issues central for any analysis of the Vietnamese development reform process are substantially underdeveloped in the current scientific debate: the experience of the East Asian developmental state and the question of socialism. Presenting a way of thinking about Vietnam that goes beyond the orthodox, the book sets out the various paradigms through which the Vietnamese economy can be analyzed. This is a welcome addition to the literature and will appeal to both practitioners working in the field and the academic community in Southeast Asian studies, economics and development.
Peter Wolff analyzes the history and major economic features of the Vietnamese reforms since 1975. He focuses on the reform of enterprises and the financial sector and gives an overall picture of the reform efforts in the areas of rural development, the social sectors and environmental policy.
Southeast Asia is suddenly in crisis, the largest country - Indonesia - deeply so. This volume, comprising a set of specially commissioned papers, examines the origins, lessons, and future path of the crisis. Why didn't economists foresee the sudden and catastrophic events of 1997-98? How can seemingly robust and vigorous economies fall so far, so swiftly? Do we, in consequence, need to change the way we view the world? Is there anything to salvage of the "East Asian miracle"? Is Southeast Asia about to experience its own version of the "lost decade", analogous to that which afflicted much of Africa and Latin America in the 1980s?
Masina reassesses the last thirty years of economic development in East Asia in light of recent dramatic events, challenging scholars and policy makers to critically review development strategies.
Over the past two years, the world has been preoccupied with the Asia crisis, its contagion and its economic impact. The social dimension of the turmoil has only recently become the point of focus for debates and investigations by national and international organizations. This book is the first serious academic contribution to this important dimension and contains extensive research, sound analysis and concise presentation by national and international experts on such issues as poverty, education, training, health, nutrition and employment for a number of major economies in Asia and Oceania affected by the crisis.