Since the doi moi reforms in 1986, Vietnam has experienced a
dramatic socioeconomic transformation. Lim examines the role of the
state and its interaction with market forces in bringing this
change about. Taking the motorcycle and banking industries as case
studies, this book explores the dynamics between the state and
transnational corporations in shaping the manufacturing and service
sectors, respectively. Vietnam, as one of Southeast Asia's
quintessential latecomer economies with little prior experience of
dealing with transnational corporations, has nevertheless been
quite successful in maintaining some control over the impact of
foreign direct investment. Yet, the learning outcomes remain highly
uneven. In addition, Lim argues that Vietnamese advancement in both
industries mirrors only partially the more generalized patterns of
state-led development in East Asia's earlier batch of latecomer
economies. Vietnam's case thus presents practical lessons on how to
succeed in crafting and utilizing policy instruments to achieve
domestic economic and technological upgrading. This book will be of
great interest to scholars of political economy and industrial
policy in East Asia, as well as to scholars and policy
professionals analyzing approaches to development strategy more
broadly.
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