Vietnam: It's time to level up - by Noah Smith - Noahpinion

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Economic reforms led to a burst of spectacular growth, but the country needs a lot more if it wants to get rich.

I’ve been writing a series of posts focusing on various countries’ economic development, generally trying to apply the lens of the “industrialist” theory of development — the framework laid out by Ha-Joon Chang, Joe Studwell, and a few others. Today I thought I’d cover another successful case: Vietnam. Vietnam is, by almost any stretch of the imagination, a development success story. Since 1990 — roughly the year when the developing world started catching up with the developed world — Vietnam has approximately quintupled its living standards, performing better in percentage terms than…

Vietnam: It's time to level up - by Noah Smith - Noahpinion

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