Economics, Econometrics and Finance
8 years ago

Vietnam's Economic Turnaround: From Poverty to Prosperity in a Decade.

Vietnam in transition : new evidence on growth and poverty
Gillette Hall

Paper Summary

Vietnam went through big changes in the 80s and 90s, switching from a planned to a market economy. This led to stable economy, high growth, and more exports. Even though Vietnam didn't get financial help at first, it eventually did in 1993. The reforms helped the country, but poverty was still a big issue, with over half the population being poor in 1993.

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