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Author Gray, Hazel (Hazel Sophia), author.

Title Turbulence and order in economic development : institutions and economic transformation in Tanzania and Vietnam / Hazel Gray
Published Oxford : Oxford University Press, 2018
©2018

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Description 1 online resource
Contents Economic transformation in a comparative perspective -- The 'old' and the 'new' of new institutional economics -- Political settlements and economic transformation -- The forging and unravelling of a socialist political settlement -- Corruption and political order -- Turbulent property rights -- The challenges of industrial policy
Summary This work studies economic development in two of the world's fastest growing developing countries, Tanzania and Vietnam, by examining the interplay between market liberalization, institutions, and the distribution of power in society
The terms of debate on the role of institutions in economic development are changing. Stable market institutions, in particular secure private property rights and democratically accountable governments that uphold the rule of law, are widely seen to be a prerequisite for economic transformation in low-income countries. Yet over the last thirty years, economic growth and structural transformation has surged forward in a range of countries where market and state institutions have differed from these ideals, as well as from each other. This book studies the role of the state in economic transformation in two such countries, Tanzania and Vietnam. These were two of the poorest countries in the world in the early 1980s but, over the last thirty years, both have experienced significant changes in the pace and character of economic development. While both countries experienced faster rates of GDP growth, their paths of economic transformation were very different. Vietnam experienced rapid manufacturing growth and poverty reduction while Tanzania's path of economic change was characterized by the rise of mining and a much slower pace of poverty reduction. Employing a political settlements approach, this book argues that their paths of economic transformation were mediated by the lasting influence of differences in the institutions and distributions of power that had been forged during the socialist period. The comparison generates new insights into the variable relationship between political order and economic outcomes
Bibliography Includes bibliographical references and index
Notes Online resource; title from PDF title page (EBSCO, viewed February 19, 2018)
Subject Economic development -- Tanzania
Economic development -- Vietnam
Free enterprise -- Tanzania
Free enterprise -- Vietnam
BUSINESS & ECONOMICS -- Industries -- General.
Economic development
Economic history
Free enterprise
SUBJECT Tanzania -- Economic conditions -- 1964- http://id.loc.gov/authorities/subjects/sh85132377
Vietnam -- Economic conditions -- 1975- http://id.loc.gov/authorities/subjects/sh00005133
Subject Tanzania
Vietnam
Form Electronic book
ISBN 9780191024078
0191024074
9780191782909
0191782904
9780192548016
0192548018