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Vietnam and the East Asian Crisis
By Suiwah Leung (editor)
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Jump down to see edition details for: Hardcover
Bibliographic Detail
Publisher Edward Elgar Pub
Publication date August 1, 1999
Pages 236
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9781840640892
ISBN-10 1840640898
Dimensions 0.75 by 9.50 by 6.50 in.
Weight 1.40 lbs.
Published in Great Britain
Original list price $141.00
Summaries and Reviews description: Product Description: The timeliness of this book is beyond question. Since the crisis erupted in Thailand in mid-1997 and spread, with varying degrees of severity, to the rest of Asia, the export-led industrialization strategy that has driven economic growth in East and Southeast Asia over the last 50 years has come into question. Is this model still applicable to latecomers such as Vietnam? The Asian financial crisis has highlighted the dangers of implementing export-oriented industrialization through government subsidies and protection. This book finds that the strategy followed by the Asian economies in the last half-decade remains a valid model for Vietnam. In order to avoid grave damage to its financial institutions, the strategy needs to be implemented in conjunction with the development of a sound financial system and a robust private sector. Based on a detailed analysis of the causes and nature of the Asian financial crisis as well as the Vietnamese economy, this book concludes that it is unlikely that Vietnam will face a banking and currency crisis in the short term, but Vietnam could be plagued by balance of payments difficulties for some time to come unless major structural reforms are undertaken soon. This timely book will be of great use to Asian studies scholars and those interested in the role of the financial sector in economic management and development.

Book cover for 9781840640892
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from Edward Elgar Pub (August 1, 1999)
9781840640892 | details & prices | 236 pages | 9.50 × 6.50 × 0.75 in. | 1.40 lbs | List price $141.00
About: The timeliness of this book is beyond question.

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