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Integration and transition – Vietnam, Cambodia and Lao PDR

Leung, Suiwah; Thanh, Vo Tri; Viseth, Kem Reat


Coming out of French colonial rule and central planning, the three transitional economies of Indochina, Vietnam, Cambodia and Lao PDR, embarked on market-oriented reforms in the late 1980s and early 1990s. Vietnam was certainly the most successful, but all three countries quickly achieved macroeconomic stability and rapid growth. However, the Asian financial crisis in 1997/98, as well as the countries’ use of administrative edicts in response to the crisis, highlights the fragile nature of...[Show more]

CollectionsANU Research Publications
Date published: 2005
Type: Working/Technical Paper


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