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From Plan To Market: The Economic Transition In Vietnam (Transitions : Asia and Asian America)
From Plan To Market The Economic Transition In Vietnam - Transitions : Asia and Asian America Author:Adam Fforde, Stefan De Vylder This clear and accessible text explores Vietnam?s successful transition from neo-Stalinist central planning to a market economy??Vietnamese style.? After describing the north Vietnamese system prior to 1975 and its colonial and pre-colonial antecedents, the authors uncover the mechanisms of that changeover. They contend that the Vietnamese trans... more »ition was largely bottom-up in character and that it evolved over a long enough period for the country?s political economy to adjust. This explains in part the rapid shift to a high-growth, externally oriented development path in the early 1990s, despite the loss of Soviet aid and the lack of significant Western substitutes until 1992?1993. Based upon extensive in-country experience, a wealth of primary materials, and wide comparative knowledge of development issues, the book challenges many preconceived notions, both about Vietnam and about the general nature of transition processes.« less