Does history repeat itself? Economic development and policy convergence in Vietnam and South Korea

Mark Turner; Hae Young Jang; Seung Ho Kwon; Michael O'Donnell

doi:10.1111/apel.12275

Does history repeat itself? Economic development and policy convergence in Vietnam and South Korea

Mark Turner
, Hae Young Jang
, Seung Ho Kwon
, Michael O'Donnell

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

With one of the world's fastest rates of economic growth since the 1990s, Vietnam could be seen as Asia's next tiger economy. This study examines whether there has been policy convergence between the older East Asian developmental state model of economic development and that adopted by Vietnam. The economic development trajectories of South Korea and Vietnam are compared to identify similarities and differences. It was found that while policy convergence is evident there is also some divergence between the two countries.

Original language	English
Pages (from-to)	27-43
Number of pages	17
Journal	Asian-Pacific Economic Literature
Volume	33
Issue number	2
DOIs	https://doi.org/10.1111/apel.12275
Publication status	Published - 1 Nov 2019

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1111/apel.12275

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AB - With one of the world's fastest rates of economic growth since the 1990s, Vietnam could be seen as Asia's next tiger economy. This study examines whether there has been policy convergence between the older East Asian developmental state model of economic development and that adopted by Vietnam. The economic development trajectories of South Korea and Vietnam are compared to identify similarities and differences. It was found that while policy convergence is evident there is also some divergence between the two countries.

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Does history repeat itself? Economic development and policy convergence in Vietnam and South Korea

Abstract

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