Vietnam: Assessing the achievements of Doi Moi
研究了越南1988-89年稳定化计划后的宏观经济改革，认为改善粮食农业贸易条件是稳定的关键，并指出优先宏观稳定而非微观效率的正确性，对转型经济体有借鉴意义。
Following a decade of reform and the 1988–89 stabilisation programme, Vietnam appears well‐positioned to become a new East Asian ‘dragon’. Below, the main macroeconomic dimensions of the reform process are examined. In particular, improved terms of trade for food agriculture is seen as a key determinant of stabilisation; more generally, it is argued that the authorities have rightly given broad priority to macro‐stability over micro‐efficiency. While the process of institutional change is necessarily a lengthy one, rising domestic and foreign savings will help sustain rapid growth, mitigating any adverse distributional consequences of reform. The Vietnamese experience clearly contains lessons for other ‘market transition’ economies.