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Globalization Crises, Trade, and Development in Vietnam

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  • Philip Abbott
  • Finn Tarp

Abstract

Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises—the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global trade. Its success contradicts its characterization as an example of export-led growth and highlights the role of the state, particularly in maintaining and influencing investment.

Suggested Citation

  • Philip Abbott & Finn Tarp, 2011. "Globalization Crises, Trade, and Development in Vietnam," WIDER Working Paper Series wp-2011-020, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2011-020
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2011-020.pdf
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    References listed on IDEAS

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    1. International Monetary Fund, 2010. "Peru: Staff Report for the 2010 Article IV Consultation," IMF Staff Country Reports 2010/098, International Monetary Fund.
    2. Finn Tarp, 2006. "Aid and Development," Discussion Papers 06-12, University of Copenhagen. Department of Economics.
    3. Nguyen Huu Chi & Nguyen Thi Thu Huyen & Mireille Razafindrakoto & Francois Roubaud, 2010. "Vietnam Labour Market and Informal Economy in a Time of Crisis and Recovery 2007-2009," World Bank Publications - Reports 27587, The World Bank Group.
    4. Abbott, Philip & Bentzen, Jeanet & Tarp, Finn, 2009. "Trade and Development: Lessons from Vietnam's Past Trade Agreements," World Development, Elsevier, vol. 37(2), pages 341-353, February.
    5. Abott, Philip & Boys, Kathryn & Tarp, Finn & Huong, Pham Lan, 2008. "Trade and Development in Vietnam: Exploring Investment Linkages," MPRA Paper 29382, University Library of Munich, Germany.
    6. International Monetary Fund, 1999. "Vietnam: Selected Issues," IMF Staff Country Reports 1999/055, International Monetary Fund.
    7. Deepak Mishra & Viet Tuan Dinh, 2010. "Taking Stock, December 2010," World Bank Publications - Reports 27858, The World Bank Group.
    8. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315.
    9. International Monetary Fund, 2003. "Vietnam: Statistical Appendix," IMF Staff Country Reports 2003/382, International Monetary Fund.
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    Citations

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    Cited by:

    1. Philip Abbott & Finn Tarp & Ce Wu, 2017. "Structural Transformation, Biased Technological Change and Employment in Vietnam," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(1), pages 54-72, January.
    2. Thai-Ha Le, 2017. "Does economic distance affect the flows of trade and foreign direct investment? Evidence from Vietnam," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1403108-140, January.
    3. Abbott, Philip & Wu, Ce & Tarp, Finn, 2014. "Transmission of World Prices to the Vietnamese Economy," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 29, pages 624-656.
    4. Seema Narayan & Tri Tung Nguyen & Xuan-Hoa Nghiem, 2021. "Does Economic Integration Increase Female Labour Force Participation? Labour Force Participation?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 24(1), pages 1-34, March.
    5. Finn Tarp, 2018. "Vietnam: The dragon that rose from the ashes," WIDER Working Paper Series wp-2018-126, World Institute for Development Economic Research (UNU-WIDER).
    6. Conor O'Toole & Carol Newman, 2012. "Investment Financing and Financial Development: Firm Level Evidence from Vietnam," The Institute for International Integration Studies Discussion Paper Series iiisdp409, IIIS.
    7. Philip Abbott & Finn Tarp & Ce Wu, 2017. "Structural Transformation, Biased Technological Change and Employment in Vietnam," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(1), pages 54-72, January.
    8. Carol Newman & John Rand & Finn Tarp & Nguyen Thi Tue Anh, 2017. "Exporting and Productivity: Learning from Vietnam," Journal of African Economies, Centre for the Study of African Economies, vol. 26(1), pages 1-25.
    9. Finn Tarp, 2018. "Vietnam: The dragon that rose from the ashes," WIDER Working Paper Series 126, World Institute for Development Economic Research (UNU-WIDER).
    10. Cong-Duc Tran & Minh-Tuan Phung & Fu-Ju Yang & Yi-Hsien Wang, 2020. "The Role of Gender Diversity in Downside Risk: Empirical Evidence from Vietnamese Listed Firms," Mathematics, MDPI, vol. 8(6), pages 1-22, June.

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    More about this item

    Keywords

    Depressions; Economic development; Globalization; International trade; Foreign investments;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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