Finance in a socialist transition: The case of the Democratic Republic of Vietnam (1955–1964)

Spoor, Max

doi:10.1080/00472338780000231

Cited by 3 publications

(3 citation statements)

References 5 publications

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“…cu). Lesser known, but likewise inspired, struggles were seen in Costa Rica (1948) and Vietnam (see Brenes, 1990;Spoor, 1987). Such examples are not relegated to history, however.…”

Section: Countervailing Political Forcementioning

confidence: 99%

State-Owned Banks and Development

Marois

2016

Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region

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Thirty years of neoliberal restructuring have side-lined alternative financing practices, and propagated mainstream myths about state-owned banks. This chapter examines these neoliberal claims, arguing instead that state-owned banks can remain a crucial part of progressive, sustainable and democratic strategies for investments in long-term development and infrastructure. Drawing on past and present case studies, as well as the theoretical literature on finance, the chapter points to the potential to revive – and improve – state-owned banking as a viable option for financing public services and development. To this end the chapter dispels nine popular neoliberal claims about state-owned banks while discussing how state-owned banks have undergone neoliberal restructuring processes such as marketization and corporatization in ways that nonetheless challenge their status as ‘public' banks. To illustrate, the chapter looks at imperfect, but telling or inspiring, examples from Brazil, China, Costa Rica, India, South Africa, Turkey and Venezuela, among others.

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“…cu). Lesser known, but likewise inspired, struggles were seen in Costa Rica (1948) and Vietnam (see Brenes, 1990;Spoor, 1987). Such examples are not relegated to history, however.…”

Section: Countervailing Political Forcementioning

confidence: 99%

State-Owned Banks and Development

Marois

2016

Handbook of Research on Comparative Economic Development Perspectives on Europe and the MENA Region

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“…As a potential focus of mobilization, the February 1988 package boosted popular morale on several counts. The surprise monetary reform-like similar measures in Mozambique in 1980 (Wuyts 1988) and Vietnam in 1959 (Spoor 1987)-created a redistributive effect, capturing or nullifying large sums of money presumably in the hands of speculators and Contras. Pro-government newspapers reported that the U.S. Embassy in Managua was forced to deposit more than two hundred and eighty million cordobas in cash while embassy officials dispersed throughout Managua trying to get rid of millions more.…”

Section: -1 9 88mentioning

confidence: 99%

“…As a result, the state sector becomes disarticulated from peasant and other forms of production and loses its capacity to mobilize resources for accumulation, while the peasant economy is undermined (Wuyts 1988;Kaimowitz 1988). A similar strategy employed in the early transition years in Vietnam led to a shortage of basic agricultural inputs and wage goods for the peasantry, with credit expansion for the state sector being accompanied by increasing inflation and growing imbalance between money in circulation and goods available (Spoor 1987).…”

Section: The Impact Of Adjustment On the Peasantrymentioning

confidence: 99%

Stabilization, Destabilization, and the Popular Classes in Nicaragua, 1979-1988

Stahler-Sholk

1990

Lat. American Res. Rev.

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The political tensions surrounding economic stabilization in revolutionary Nicaragua between 1979 and 1988 will be examined in this article. A review of the Nicaraguan case reveals that the Sandinista model of a mixed economy (presupposing at least simple reproduction of the capitalist, small producer, and state sectors) with multiclass “national unity” created a series of demands that were increasingly difficult to reconcile with defense priorities and longer-term goals for socioeconomic transformation. After 1981, access to external finance became more restrictive, the payoff horizon for investment projects began to lengthen, and destabilization intensified. Failure to assess these internal and external tensions realistically contributed to inflationary pressures and de facto shifts in income distribution, which at times undermined the consolidation of revolutionary hegemony and required reconsidering alliance strategies.

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Bibliography

1993

Socialist Economies and the Transition to the Market

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Finance in a socialist transition: The case of the Democratic Republic of Vietnam (1955–1964)

Cited by 3 publications

References 5 publications

State-Owned Banks and Development

State-Owned Banks and Development

Stabilization, Destabilization, and the Popular Classes in Nicaragua, 1979-1988

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