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Deceleration of Inflation with Acceleration of Price Reform: Vietnam's Remarkable Recent Experience

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  • Wood, Adrian

Abstract

Between mid-1988 and mid-1989, Vietnam greatly reduced a very high inflation rate at the same time as removing almost all administrative control over individual prices. This paper examines that experience, in relation to the quite different experiences of most other socialist countries. The question of how it was done in Vietnam is addressed at two levels: economic policy technicalities and political economy. Copyright 1989 by Oxford University Press.

Suggested Citation

  • Wood, Adrian, 1989. "Deceleration of Inflation with Acceleration of Price Reform: Vietnam's Remarkable Recent Experience," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 13(4), pages 563-571, December.
    • Handle: RePEc:oup:cambje:v:13:y:1989:i:4:p:563-71
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    Cited by:

    1. Vuong, Quan-Hoang, 2017. "The Vietnamese financial economy: reforms and development, 1986-2016," OSF Preprints g7e6t, Center for Open Science.
    2. S. Leung & T.T. Vo, 1996. "Vietnam in the 1980s: price reforms and stabilisation," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 49(197), pages 187-207.
    3. repec:ilo:ilowps:287851 is not listed on IDEAS
    4. S. Leung & T.T. Vo, 1996. "Vietnam in the 1980s: price reforms and stabilisation," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 49(197), pages 187-207.
    5. Adam Fforde, 2017. "The emerging core characteristics of Vietnam's political economy," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 31(2), pages 45-60, November.
    6. George Irvin, 1997. "Vietnam: Adjustment, Growth and Poverty," Journal of International Development, John Wiley & Sons, Ltd., vol. 9(6), pages 783-801.
    7. Truong Dhd. & Gates, C. L., 1992. "Effects of government policies on the incentive to invest, enterprise behaviour and employment: the case study of Vietnam," ILO Working Papers 992878513402676, International Labour Organization.
    8. Diehl, Markus, 1993. "Stabilization without crisis: The case of Vietnam," Kiel Working Papers 578, Kiel Institute for the World Economy (IfW Kiel).

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