Turbulence and order in economic development institutions and economic transformation in Tanzania and Vietnam Gray, Hazel (Hazel Sophia) creator author. text bibliography Electronic books. enk 2018 monographic eng remote 1 online resource This work studies economic development in two of the world's fastest growing developing countries, Tanzania and Vietnam, by examining the interplay between market liberalization, institutions, and the distribution of power in society. The terms of debate on the role of institutions in economic development are changing. Stable market institutions, in particular secure private property rights and democratically accountable governments that uphold the rule of law, are widely seen to be a prerequisite for economic transformation in low-income countries. Yet over the last thirty years, economic growth and structural transformation has surged forward in a range of countries where market and state institutions have differed from these ideals, as well as from each other. This book studies the role of the state in economic transformation in two such countries, Tanzania and Vietnam. These were two of the poorest countries in the world in the early 1980s but, over the last thirty years, both have experienced significant changes in the pace and character of economic development. While both countries experienced faster rates of GDP growth, their paths of economic transformation were very different. Vietnam experienced rapid manufacturing growth and poverty reduction while Tanzania's path of economic change was characterized by the rise of mining and a much slower pace of poverty reduction. Employing a political settlements approach, this book argues that their paths of economic transformation were mediated by the lasting influence of differences in the institutions and distributions of power that had been forged during the socialist period. The comparison generates new insights into the variable relationship between political order and economic outcomes. Economic transformation in a comparative perspective -- The 'old' and the 'new' of new institutional economics -- Political settlements and economic transformation -- The forging and unravelling of a socialist political settlement -- Corruption and political order -- Turbulent property rights -- The challenges of industrial policy. Hazel Gray. Includes bibliographical references and index. f-tz--- a-vt--- Economic development Tanzania Economic development Vietnam Free enterprise Tanzania Free enterprise Vietnam Tanzania Economic conditions 1964- Vietnam Economic conditions 1975- Développement économique Viêt-nam Tanzanie Conditions économiques 1964- Viêt-nam Conditions économiques 1975- BUSINESS & ECONOMICS Industries General Economic development Economic history Free enterprise Tanzania Vietnam Since 1964 fast HC885 .G725 2018 338.9678 9780191024078 0191024074 9780191782909 0191782904 9780192548016 0192548018 9780198714644 9780198825029 0198714645 0198825021 http://proxy.library.tamu.edu/login?url=https://academic.oup.com/book/1992 N$T 180213 20260319164732.5 in00005715732 eng