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Palgrave Macmillan

The Socialist Market Economy in Asia

Development in China, Vietnam and Laos

  • Book
  • © 2020

Overview

  • Is intended for policy-makers, academics, and students of development studies, area studies, political economy, geography, and political science

  • Presents the first comparative study of development in China, Vietnam, and Laos

  • Argues that the ‘socialist market economy’ model employed in China, Vietnam, and Laos performs better than the economic systems of countries at a similar level of income per capita on a wide range of development indicators

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Table of contents (13 chapters)

  1. The Socialist Market Economy: Ideology and Development

  2. State and Society: Inequality, Class and Conflict

  3. Concluding Observations

Keywords

About this book

This book is intended for policy-makers, academics and students of development studies, area studies, political economy, geography and political science. Three of the best global performers in terms of economic growth are authoritarian states led by communist parties. The ‘socialist market economy’ model employed in China, Vietnam and Laos performs better than the economic systems in countries at a similar level of income per capita on a wide range of development indicators, yet market reforms and governance failures have led to highly unequal societies and significant environmental problems. This book presents the first comparative study of development in these three countries. Written by country experts and scholars of development studies, it explores the ongoing quest for market versus state within their model, and the coherence of their development.

Chapter 5 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Editors and Affiliations

  • Centre for Development and the Environment, University of Oslo, Oslo, Norway

    Arve Hansen

  • Norwegian Institute for Defence Studies, Oslo, Norway

    Jo Inge Bekkevold

  • Oslo Metropolitan University, Oslo, Norway

    Kristen Nordhaug

About the editors

Arve Hansen is a Postdoctoral Fellow at the Centre for Development and the Environment at the University of Oslo. He has a decade of experience working on development in Vietnam.  

Jo Inge Bekkevold is a Senior Adviser at the Norwegian Institute for Defence Studies. He was previously a career diplomat, with postings to China and Vietnam. 

Kristen Nordhaug is a Professor of Development Studies at Oslo Metropolitan University. His work focuses on political and economic development in East and Southeast Asia.



Bibliographic Information

  • Book Title: The Socialist Market Economy in Asia

  • Book Subtitle: Development in China, Vietnam and Laos

  • Editors: Arve Hansen, Jo Inge Bekkevold, Kristen Nordhaug

  • DOI: https://doi.org/10.1007/978-981-15-6248-8

  • Publisher: Palgrave Macmillan Singapore

  • eBook Packages: History, History (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2020

  • Hardcover ISBN: 978-981-15-6247-1Published: 27 October 2020

  • Softcover ISBN: 978-981-15-6250-1Published: 27 October 2021

  • eBook ISBN: 978-981-15-6248-8Published: 26 October 2020

  • Edition Number: 1

  • Number of Pages: XIII, 353

  • Number of Illustrations: 2 b/w illustrations, 3 illustrations in colour

  • Topics: Asian History, Economic History, Development Theory

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