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Edward Elgar Publishing Economic Transition in Vietnam: Trade and Aid in the Demise of a Centrally Planned Economy

Name: Economic Transition in Vietnam: Trade and Aid in the Demise of a Centrally Planned Economy
Brand: Edward Elgar Publishing

Business & Economic History

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This book provides an incredibly detailed and thorough account of how Vietnam's dependence on Soviet aid during the 1960s and 1970s sustained and yet ultimately undermined the centrally-planned economy. Foreign aid provided most of the resources which, in the context of an under-developed agrarian economy, permitted planned industrialisation. Yet, as in other socialist countries, chronic shortages emerged and, particularly when aid supplies were cut after 1975, encouraged individuals and enterprises to divert resources to local uses. The authors show how development of non-plan trading relations was based on supplies of scarce, aid-subsidised goods which provided the means for local authorities, enterprises and individuals to convert their positions of political and social power into capital. They further highlight the ways in which new, market-oriented trade relations emerged in symbiosis with the planning system and continue to influence the economic structure and institutions today. Economic Transition in Vietnam outlines the many problems currently facing Vietnam, not least how new global forms of integration are affecting future development.

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1840645776
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 20 December 2000
Listed Since: 02 February 2007

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Edward Elgar Publishing Economic Transition in Vietnam: Trade and Aid in the Demise of a Centrally Planned Economy

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