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Does history repeat itself? Economic development and policy convergence in Vietnam and South Korea

Author

Listed:
  • Mark Turner
  • Hae‐Young Jang
  • Seung‐Ho Kwon
  • Michael O'Donnell

Abstract

With one of the world's fastest rates of economic growth since the 1990s, Vietnam could be seen as Asia's next tiger economy. This study examines whether there has been policy convergence between the older East Asian developmental state model of economic development and that adopted by Vietnam. The economic development trajectories of South Korea and Vietnam are compared to identify similarities and differences. It was found that while policy convergence is evident there is also some divergence between the two countries.

Suggested Citation

  • Mark Turner & Hae‐Young Jang & Seung‐Ho Kwon & Michael O'Donnell, 2019. "Does history repeat itself? Economic development and policy convergence in Vietnam and South Korea," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 33(2), pages 27-43, November.
    • Handle: RePEc:bla:apacel:v:33:y:2019:i:2:p:27-43
    DOI: 10.1111/apel.12275
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    Cited by:

    1. Hamid Jafarzadeh & Yangdong Feng, 2023. "Economic and Spatial Restructuring in the Aras Economic Zone: The Impact of Cross-Border Cooperation," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    2. Murat Ali Yülek & K. Ali Akkemik, 2022. "The developmental leader," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 36(2), pages 3-16, November.
    3. Dat Tho Tran & Minh Hoang Doan & Nhung Tuyet Do, 2020. "Vietnam after 2020: toward a prosperous economy, social inclusion and environmental sustainability," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 313-326, August.

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