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Foreign Aid, War, and Economic Development

Author

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  • Dacy,Douglas C.

Abstract

Foreign Aid, War, and Economic Development traces the economic history of South Vietnam from 1955 to 1975. During this period encompassing the Vietnam war, high-level officials paid relatively little attention to the economy of South Vietnam even though economic development was a necessary condition for the country's survival. A generous foreign aid program was designed to pay local troops and improve the standard of living of the population. Professor Dacy documents this growth in national income and the progress or lack thereof in a number of development indicators. He discusses the goals of United States economic aid and measures the net resources transferred. Additionally, the book analyzes wartime inflation and the Vietnamese tax system, and in so doing shows that the measures which would have promoted long-run viability were shunned in favor of short-run expediencies that practically doomed the country in the long run. Finally, economic development in South Vietnam is compared to that in Israel, South Korea, and Taiwan, three nations that faced high military threats during the same period.

Suggested Citation

  • Dacy,Douglas C., 1986. "Foreign Aid, War, and Economic Development," Cambridge Books, Cambridge University Press, number 9780521303279, January.
    • Handle: RePEc:cup:cbooks:9780521303279
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    Cited by:

    1. Rachel M. Gisselquist, 2014. "Aid and Institution-Building in Fragile States," The ANNALS of the American Academy of Political and Social Science, , vol. 656(1), pages 6-21, November.
    2. Todd G. Buchholz, 1988. "Revolution, Reputation Effects, and Time Horizons," Cato Journal, Cato Journal, Cato Institute, vol. 8(1), pages 185-197, Spring/Su.
    3. Akram-Lodhi, A.H., 2001. "Landlords are taking back the land: the agrarian transition in Vietnam," ISS Working Papers - General Series 19098, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Sepehri, A. & Akram-Lodhi, A.H., 2002. "A crouching tiger? A hidden dragon? Transition, savings and growth in Vietnam, 1975-2006," ISS Working Papers - General Series 19104, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    5. O'Connor, Kevin & Fuellhart, Kurt & Kim, Hyung Min, 2020. "Economic influences on air transport in Vietnam 2006–2019," Journal of Transport Geography, Elsevier, vol. 86(C).
    6. Kevin Gray, 2013. "Aid and Development in Taiwan, South Korea, and South Vietnam," WIDER Working Paper Series wp-2013-085, World Institute for Development Economic Research (UNU-WIDER).
    7. Gray, Kevin, 2013. "Aid and Development in Taiwan, South Korea, and South Vietnam," WIDER Working Paper Series 085, World Institute for Development Economic Research (UNU-WIDER).
    8. Kevin Gray, 2014. "U.S. Aid and Uneven Development in East Asia," The ANNALS of the American Academy of Political and Social Science, , vol. 656(1), pages 41-58, November.

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