The financial economy of Viet Nam in an age of reform, 1986–2016

In Routledge Handbook of Banking and Finance in Asia. London, UK: pp. 201-222 (2019)
Download Edit this record How to cite View on PhilPapers
Abstract
Before the Doi Moi reforms in 1986, Viet Nam’s economy was devastated by 30 years of warfare with two major military powers, France and the US, ending in 1975. In the subsequent 10 years, Viet Nam suffered from failing economic experiments, including agricultural cooperatization, “industry-commerce rehabilitation,” price-wage-currency reform, among others, under the centrally planned mechanism (Wood 1989), as well as the international isolation and a US trade embargo when its troops entered Cambodia to overthrow the Khmer Rouge (Riedel and Turley 1999). Its per-capita gross domestic product (GDP) declined to USD 97 in 1989 whereas the ratio of external debt to GDP reached 330%. 1 The economy languished and became one of the poorest in the world (VGP 2016).
PhilPapers/Archive ID
VUOTFE
Upload history
Archival date: 2020-09-13
View other versions
Added to PP index
2020-09-13

Total views
20 ( #51,692 of 52,939 )

Recent downloads (6 months)
20 ( #30,153 of 52,939 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks on external links on PhilPapers.