The role of institutions in the development of Vietnam.(Statistical Data Included): An article from: ASEAN Economic Bulletin

This digital document is an article from ASEAN Economic Bulletin, published by Institute of Southeast Asian Studies (ISEAS) on December 1, 2001. The length of the article is 7424 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: The process of comprehensive economic reforms that commenced in 1986 has several lessons to offer for future policy-making in Vietnam. This article argues that institutional strengthening is critical for the future prosperity of the country. Several propositions from the New Institutional Economics (NIE) literature are corroborated by recent evidence from Vietnam to recommend policy settings necessary for continued economic development. The recommendations include the establishment of well-defined property rights, including a clear and enforceable system of contracts; strengthening the planning and administrative capacity of provincial offices; and, improvements in law enforcement. These institutional reforms must be given the highest priority if growth is to be revived and sustained over the medium to long term.

Citation Details
Title: The role of institutions in the development of Vietnam.(Statistical Data Included)
Author: Satish Chand
Publication:ASEAN Economic Bulletin (Refereed)
Date: December 1, 2001
Publisher: Institute of Southeast Asian Studies (ISEAS)
Volume: 18 Issue: 3 Page: 276(13)

Article Type: Statistical Data Included

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