Vietnamese Economy and Its Transformation to an Open Market System

These previously unpublished papers by leading American and Vietnamese economists analyze the dramatic transformation of Vietnam's economy during the 1990s and its prospects for the future. The three main sections of the book discuss Vietnam's turbulent history recent economic reforms and the country's emerging role in the world economy and geopolitics. The contributors examine a myriad of issues including specific reforms in agriculture banking and tax policy as well as the attempts to create a business-oriented legal infrastructure the development of foreign trade and a viable balance of payments and U.S. policy reactions to Vietnam's rapid development in the last decade.