Summary of General Discussion on 'The Institutional Root Causes of the Challenges to Vietnam's Long-Term Economic Growth'

摘要

Liming Wang commented that his prior reading of the literature on Vietnam's reform model had been more optimistic than the picture presented by Khuong Vu and the discussants. He noted that China's reform model had raised numerous questions about the validity of the neoclassical model and the Washington Consensus, and that this made it difficult to claim that the institutions inherent in state-led capitalism were necessarily inadequate. Maria Monica Wihardja added that Vietnam had outperformed Indonesia on a range of social indicators including life expectancy and Internet penetration, suggesting that its economic performance may be better than that portrayed by Khuong Vu.