Institutions in Transition

Vietnamese State Bank Reform

Business & Finance, Economics, International Economics, Economic Development
Cover of the book Institutions in Transition by Lisa Román, Springer US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Lisa Román ISBN: 9781461549819
Publisher: Springer US Publication: December 6, 2012
Imprint: Springer Language: English
Author: Lisa Román
ISBN: 9781461549819
Publisher: Springer US
Publication: December 6, 2012
Imprint: Springer
Language: English

"If you want to become a doctor, practice in a war; if you want to become an economist, practice in Vietnam". 1 Phan Van Tiem Vietnam is one of many countries presently undergoing fundamental institutional change: the market mechanism is replacing central planning. So far, the achievements are impressive. In the mid-1980s, the country failed to feed its population, suffered from hyperinflation and faced general economic stagnation. In the early 1990s, the annual economic growth rate had accelerated to some eight to nine percent, the inflation rate had fallen to two-digit levels - sometimes even lower - and the country had become one of the world's largest rice exporters. Add some more details - the increased foreign trade, the inflow of foreign investments, the diversification of agriculture, and ~e various reform measures taken to alter the basic economic structure - and the success story of the Vietnamese transition is told. The country has hence followed the same path as its northern neighbor China, and provided a counterexample to much more cumbersome processes that have been adopted in a number of other transforming countries, notably those of the former USSR. This transition is by no means over. Indeed, it is misleading to think of transition as a process that departs from a well-defined pre-condition and moves towards an equally well­ defined end-point.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

"If you want to become a doctor, practice in a war; if you want to become an economist, practice in Vietnam". 1 Phan Van Tiem Vietnam is one of many countries presently undergoing fundamental institutional change: the market mechanism is replacing central planning. So far, the achievements are impressive. In the mid-1980s, the country failed to feed its population, suffered from hyperinflation and faced general economic stagnation. In the early 1990s, the annual economic growth rate had accelerated to some eight to nine percent, the inflation rate had fallen to two-digit levels - sometimes even lower - and the country had become one of the world's largest rice exporters. Add some more details - the increased foreign trade, the inflow of foreign investments, the diversification of agriculture, and ~e various reform measures taken to alter the basic economic structure - and the success story of the Vietnamese transition is told. The country has hence followed the same path as its northern neighbor China, and provided a counterexample to much more cumbersome processes that have been adopted in a number of other transforming countries, notably those of the former USSR. This transition is by no means over. Indeed, it is misleading to think of transition as a process that departs from a well-defined pre-condition and moves towards an equally well­ defined end-point.

More books from Springer US

Cover of the book Macroeconomic Analysis and Parametric Control of a National Economy by Lisa Román
Cover of the book Air Pollution Modeling and Its Application X by Lisa Román
Cover of the book Archaeology and Created Memory by Lisa Román
Cover of the book Scalable Performance Signalling and Congestion Avoidance by Lisa Román
Cover of the book Flavonoids in Cell Function by Lisa Román
Cover of the book Infection Control by Lisa Román
Cover of the book Data Envelopment Analysis by Lisa Román
Cover of the book Nutritional Treatment of Chronic Renal Failure by Lisa Román
Cover of the book Supportive therapy in haematology by Lisa Román
Cover of the book Alcohol and the Brain by Lisa Román
Cover of the book Cardiac Energetics: From Emax to Pressure-Volume Area by Lisa Román
Cover of the book Behavioral Aspects of AIDS by Lisa Román
Cover of the book On-Chip Instrumentation by Lisa Román
Cover of the book Appointment Planning in Outpatient Clinics and Diagnostic Facilities by Lisa Román
Cover of the book Materials for Advanced Packaging by Lisa Román
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy