Edmund Malesky|Jonathan D. London
The Political Economy of Development in China and Vietnam
Duke University|City University of Hong Kong
two theories predominate discussions china vietnam past three decades achieved rapid economic growth first argues startling performance explained economic factors associated late industrialization second proposes china vietnam represent novel models political economic organization need better studied understood essay review voluminous literature political economy china vietnam evaluating critical debates economic benefits decentralization experimentation stateled development although debate remains unsettled analysis suggests growth two countries robust periods state withdrawal economy current economic difficulties countries arising scale character states role economies