The challenges posed by globalization for economic liberalization in two Asian transitional countries: Laos and Vietnam

Arbeitspapier

This paper examines the impact of globalization on two transitional economies in Asia. Both countries have undergone a radical economic reform process over the past decade, assisted by increases in external trade flows, foreign investment activity, and external assistance. However, the pace of economic reform has decelerated since the perceived perils of globalization—as evidenced by the Asian Crisis—have become more apparent to the leaderships of these two avowedly socialist states. Although neighbouring and fraternal countries, adopting broadly parallel economic liberalisation programmes, the forces of globalization have manifested themselves in different ways in Laos and Vietnam. The paper discerns these differences, and assesses whether the two countries are likely to overcome the current hiatus in their economic reform programmes.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2001/40

Classification and Topics

• Classification: Wirtschaft ; International Investment; Long-term Capital Movements ; Technological Change: Government Policy ; Economywide Country Studies: Asia including Middle East
• Subject: globalization backlash ; foreign direct investment ; East Asia. ; Globalisierung ; Außenhandelsliberalisierung ; Laos ; Vietnam

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Freeman, Nick J.
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/53002
• Last update: 10.03.2025, 11:44 AM CET