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The Challenges Posed by Globalization for Economic Liberalization in Two Asian Transitional Countries: Laos and Vietnam

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  • Nick J. Freeman

Abstract

This paper examines the impact of globalization on two transitional economies in Asia. Both countries have undergone a radical economic reform process over the past decade, assisted by increases in external trade flows, foreign investment activity, and external assistance. However, the pace of economic reform has decelerated since the perceived perils of globalization—as evidenced by the Asian Crisis—have become more apparent to the leaderships of these two avowedly socialist states.

Suggested Citation

  • Nick J. Freeman, 2001. "The Challenges Posed by Globalization for Economic Liberalization in Two Asian Transitional Countries: Laos and Vietnam," WIDER Working Paper Series DP2001-40, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-40
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-40.pdf
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    Cited by:

    1. Maarit Virtanen, 2006. "Foreign direct investment and hydropower in Lao PDR: the Theun‐Hinboun hydropower project," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 13(4), pages 183-193, September.

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