Chapter 12 The Where and Why of Political Protection in Vietnam’s Anti-Corruption Campaign

Trinh, Duy

doi:10.1355/9789815011401-014

Cited by 1 publication

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, there is a gap in the literature when it comes to understanding the current crisis in the development model and its impact on Vietnam's political institutions. While scholars have acknowledged the high levels of corruption in Vietnam, attributed to weak governance and accountability mechanisms, lack of transparency, and insufficient checks and balances on political power (Thanh 2015;Trinh 2024), there has been limited research on the policy choices that led to the emergence of market socialism and its relevance in addressing these challenges. Furthermore, there is a need to explore the policy relevance of alternative economic schools of thought such as the Austrian School, which advocates for economic liberalization and private sector development, in comparison to market socialism (Rothbard 1980).…”

Section: The Gap Of the Previous Studiesmentioning

confidence: 99%

Vietnam's Model of Market Socialism: Development Model in Crisis?

Cuong

2024

SEH

View full text Add to dashboard Cite

This paper examines Vietnam's model of market socialism and aims to fill the gap in the existing literature by analysing the challenges facing this model of development. The paper argues that while Vietnam's market socialism emerged as a response to the failure of classical socialism and with its help Vietnam has achieved significant successes including high economic growth, poverty reduction, and rising living standards. However, it lacks a theoretical foundation, which threatens its sustainability. The model faces a development model crisis due to the corruption of the current governance system and the inefficiency of state-owned enterprises (SOEs), perpetuated by political institutions. The paper reviews the historical and theoretical debate on market socialism and assesses its successes and challenges in promoting economic growth and reducing poverty. By applying the approach of historical and institutional analysis, the paper provides insights for policymakers and scholars interested in understanding the strengths and weaknesses of market socialism in practice. The paper emphasizes the need for alternative models such as the social market model, to address the crisis in Vietnam's development model.

show abstract

Section: The Gap Of the Previous Studiesmentioning

confidence: 99%

Vietnam's Model of Market Socialism: Development Model in Crisis?

Cuong

2024

SEH

View full text Add to dashboard Cite

show abstract

Chapter 12 The Where and Why of Political Protection in Vietnam’s Anti-Corruption Campaign

Cited by 1 publication

References 0 publications

Vietnam's Model of Market Socialism: Development Model in Crisis?

Vietnam's Model of Market Socialism: Development Model in Crisis?

Contact Info

Product

Resources

About