Reform, growth, and poverty in Vietnam
Dollar, David
Reform, growth, and poverty in Vietnam / David Dollar - Washington, D.C. World Bank 2002 - 33 p. : il. - Policy research working paper no. 2837 .
Trabajo presentado al: Workshop on Economic growth and household welfare: policy lessons for Vietnam", Hanoi, May 16-18, 2001.
Incluye bibliografía
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization, the introduction of positive real interest rates, trade liberalization, and initial property rights reform in agriculture. Relating these changes to the empirical growth literature, the author finds that Vietnam ' s growth acceleration is about what would be predicted. Conditional convergence also suggests that the country ' s high growth rate will decelerate unless further reforms are taken. The author then looks at the level of institutional and policy development in Vietnam compared with other emerging market economies. While Vietnam ' s policies have improved, they did so starting from a very low base. So, it can be simultaneously true that Vietnam ' s policies have improved a lot and yet are rather poor in comparative perspective. A comparison of governance indicators, financial sector issues, and the infrastructure of international integration reveals serious institutional weaknesses in Vietnam that need to be addressed if a high growth rate is to be sustained.
ALIVIO DE LA POBREZA
CRECIMIENTO ECONOMICO
POLITICA ECONOMICA
REFORMA ECONOMICA
VIET NAM
MITIGACION DE LA POBREZA REDUCCION DE LA POBREZA PROGRESO ECONOMICO ESTABILIZACION ECONOMICA
338.9597
Reform, growth, and poverty in Vietnam / David Dollar - Washington, D.C. World Bank 2002 - 33 p. : il. - Policy research working paper no. 2837 .
Trabajo presentado al: Workshop on Economic growth and household welfare: policy lessons for Vietnam", Hanoi, May 16-18, 2001.
Incluye bibliografía
Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. Dollar seeks to explain this apparent anomaly. Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization, the introduction of positive real interest rates, trade liberalization, and initial property rights reform in agriculture. Relating these changes to the empirical growth literature, the author finds that Vietnam ' s growth acceleration is about what would be predicted. Conditional convergence also suggests that the country ' s high growth rate will decelerate unless further reforms are taken. The author then looks at the level of institutional and policy development in Vietnam compared with other emerging market economies. While Vietnam ' s policies have improved, they did so starting from a very low base. So, it can be simultaneously true that Vietnam ' s policies have improved a lot and yet are rather poor in comparative perspective. A comparison of governance indicators, financial sector issues, and the infrastructure of international integration reveals serious institutional weaknesses in Vietnam that need to be addressed if a high growth rate is to be sustained.
ALIVIO DE LA POBREZA
CRECIMIENTO ECONOMICO
POLITICA ECONOMICA
REFORMA ECONOMICA
VIET NAM
MITIGACION DE LA POBREZA REDUCCION DE LA POBREZA PROGRESO ECONOMICO ESTABILIZACION ECONOMICA
338.9597