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Changes in Vietnam’s Development Model Since 2008: The Involution of Hybridity

  • Asia Review
  • Abbr : SNUACAR
  • 2022, 12(2), pp.135~168
  • Publisher : 아시아연구소
  • Research Area : Social Science > Social Science in general
  • Received : June 7, 2022
  • Accepted : July 29, 2022
  • Published : August 31, 2022

Yong Kyun KIM 1,  Jaeseok Myung 1

1서울대학교

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ABSTRACT

This article analyzes the nature and causes of Vietnam’s economic crisis during the 2008–11 period as well as the following factional struggles within the Communist Party that resulted in changes in its industrial policy. We argue that Vietnam’s development model has been and will remain a hybrid, combining the developmental state in orientation with the highly rentseeking crony capitalist state in operation. By noting the fact that Vietnam is a market-Leninist regime, which entails multiple contradictions in its ideology, political logic, and factional conflicts that have been reconstructed in the process of transition to the market, we also argue that the recent changes in emphasis toward domestic private enterprises as a key player for industrial upgrading only implies a deepening of its hybrid nature, or the involution of hybridity.

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