Political Economy of Growth in Vietnam

<p>Since the <i>doi moi </i>reforms in 1986 Vietnam has experienced a dramatic socioeconomic</p><p>transformation. Lim examines the role of the state and its interaction</p><p>with market forces in bringing this change about.</p><p>Taking the motorcycle and banking industries as case studies this book explores</p><p>the dynamics between the state and transnational corporations in shaping</p><p>the manufacturing and service sectors respectively. Vietnam as one of Southeast</p><p>Asia’s quintessential latecomer economies with little prior experience of</p><p>dealing with transnational corporations has nevertheless been quite successful</p><p>in maintaining some control over the impact of foreign direct investment. Yet</p><p>the learning outcomes remain highly uneven. In addition Lim argues that Vietnamese</p><p>advancement in both industries mirrors only partially the more generalized</p><p>patterns of state-led development in East Asia’s earlier batch of latecomer</p><p>economies. Vietnam’s case thus presents practical lessons on how to succeed</p><p>in crafting and utilizing policy instruments to achieve domestic economic and</p><p>technological upgrading.</p><p>This book will be of great interest to scholars of political economy and industrial</p><p>policy in East Asia as well as to scholars and policy professionals analyzing</p><p>approaches to development strategy more broadly.</p>