Abstract
Most of the case-studies examined in this book have looked at the liberalization of predominantly market economies in the 1980s and 1990s. The experience of Vietnam shows many parallels with that of liberalizing developing market economies, but also significant differences. In both cases the direction of reform has been the same, towards less state intervention and more market coordination. But the economic reforms in Vietnam go beyond mere liberalization and are, generally, captured by the term ‘transition to the market economy’. The difference is that, whereas other developing countries were liberalizing their economies within a given institutional and legal framework, the reforms in Vietnam implied the creation of an entirely new structure of institutions, within which the freedom of economic agents was considerably increased.
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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Jansen, K. (1999). Vietnam: An Economy in Transition or In Between?. In: McGillivray, M., Morrissey, O. (eds) Evaluating Economic Liberalization. Case-Studies in Economic Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14307-8_9
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DOI: https://doi.org/10.1007/978-1-349-14307-8_9
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