Abstract
Japan was the first country to achieve successful economic development after World War II. The following paper discusses whether the Japanese model of ‘state-led development’ can offer a possible alternative strategy to the neo-liberal recipes of the World Bank and the IMF for systemic transition, taking the example of Vietnam.
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References
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Cf. J. Revilla-Diez: Systemtransformation in Vietnam: Industrieller Strukturwandel und regionalwirtschaftliche Auswirkung, in: Hannoversche Geographische Arbeiten, Vol. 51, Hanover 1995, pp. 21–24.
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The Miracle-study is not consistent in its argumentation: it also admits that state intervention was probably a factor of success in East Asia, cf. World Bank: The East … op. cit. Asian Miracle—Economic Growth and Public Policy, Oxford 1993.
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The author is indebted to Prof. Dr. Werner Pascha, Katrin Wolfart and Elmar Eich for detailed and helpful comments on an earlier draft. He is also thankful to Dagmar Lee for her kind assistance.
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Goydke, T. Is Vietnam the youngest goose in Japan's flight formation?. Intereconomics 34, 192–200 (1999). https://doi.org/10.1007/BF02927848
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DOI: https://doi.org/10.1007/BF02927848