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Books > History > History of specific subjects > Economic history
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Economic Transition in Vietnam - Trade and Aid in the Demise of a Centrally Planned Economy (Hardcover)
Loot Price: R3,025
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Economic Transition in Vietnam - Trade and Aid in the Demise of a Centrally Planned Economy (Hardcover)
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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.
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