Arbeitspapier

Globalization crises, trade, and development in Vietnam

Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises - the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global trade. Its success contradicts its characterization as an example of export-led growth and highlights the role of the state, particularly in maintaining and influencing investment. Examination of economic performance and policy responses shows rising dependence on foreign finance around each crisis, and actions by the government to counteract that dependence and bolster the domestic economy while continuing to restructure the economy toward greater emphasis on the private sector. Growth, employment and poverty alleviation have been maintained at the expense of renewed inflation, larger budget deficits, and currency depreciation. The stop-go nature of present macroeconomic policy is the consequence of balancing growth versus inflation, responding to severe external shocks and holding to a growth objective in the face of substantial internal and external criticism.

ISBN
978-92-9230-383-9
Sprache
Englisch

Erschienen in
Series: WIDER Working Paper ; No. 2011/20

Klassifikation
Wirtschaft
Trade Policy; International Trade Organizations
Empirical Studies of Trade
Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy
Economywide Country Studies: Asia including Middle East
Thema
trade and development
trade liberalization
foreign direct investment
globalization
WTO accession
asian financial crisis
great recession
Vietnam
Entwicklung
Außenwirtschaft
Globalisierung
Außenhandelsliberalisierung
Direktinvestition
Finanzmarktkrise
Vietnam

Ereignis
Geistige Schöpfung
(wer)
Abbott, Philip
Tarp, Finn
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Abbott, Philip
  • Tarp, Finn
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2011

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