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Article: Introduction: Structural Transformation, Opening Up and Catching Up in Vietnam.
- Article from:
- Comparative Economic Studies
- Article date:
- December 22, 2000
- Author:
CopyrightCOPYRIGHT 2000 Association for Comparative Economic Studies. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Vietnam is a fascinating case in comparative economic studies because it may be compared under different angles with many other countries or groups of countries. China and Vietnam are countries in transition, but unlike Eastern Europe and the former Soviet Union both still maintain communist regimes though having moved very fast towards a market economy. As opposed to the East European and Russian transition path, Vietnam and China have managed to go through macroeconomic stabilization without experiencing a "transformational recession" and have until recently maintained a high and steady rate of growth. China reached its lowest rate of growth since 1991, 7.1 percent, in ...