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Luck, policy or something else entirely? : Vietnam's economic performance in 2009 and prospects for 2010

Glück, Politik oder was sonst? Vietnams ökonomische Entwicklung 2009 und Aussichten für 2010
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Fforde, Adam J.

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Abstract Vietnam's economic performance in 2009 is seen by the Vietnamese government and representatives of the Western donor communities as good, with the effects of the global financial crisis relatively mild. The paper notes a lack of contestation of these mainstream views and locates them within an assessment of major trends in 2009, and medium-term issues. Particular focus is placed upon the policy implications of rural development and the need for a strong rationalisation of the state sector. Remarks upon the political economy of change then permit comments upon interactions between economic performance and gathering social and political concern with the political challenges of transition to so-called 'middle income' status, which in many countries has posed novel and tricky problems of adjustment, often requiring major social and political adjustments that have not always been successful. The paper concludes by suggesting that, as in the past, Vietnam's style of change finds some things easy and others hard, and that this has its reflection in economic policy and performance.
Keywords Vietnam; economic policy; financial crisis; communism; economic development (on national level); economic development (single enterprise); rural development; rationalization; administration; public sector; transformation; income; perspective; Southeast Asia
Classification Sociology of Developing Countries, Developmental Sociology; Political Economy; Economic Policy
Method applied research; descriptive study
Free Keywords Economics; economic policy; crisis; global financial crisis; communism; 2009-2010
Document language English
Publication Year 2009
Page/Pages p. 71-94
Journal Journal of Current Southeast Asian Affairs, 28 (2009) 4
ISSN 1868-4882
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works