Open and closed economies : lessons from the Philippines and Vietnam / Roderick Macdonald.
Macdonald, Roderick, author.
2022
HC444 .M33 2022
Available Online

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Title Open and closed economies : lessons from the Philippines and Vietnam / Roderick Macdonald.
Author Macdonald, Roderick, author.
ISBN 9783030795344 (electronic bk.)
3030795349 (electronic bk.)
9783030795337
3030795330
DOI https://doi.org/10.1007/978-3-030-79534-4
Published Cham : Palgrave Macmillan, [2022]
Copyright ©2022
Language English
Description 1 online resource : illustrations (chiefly color)
Other Standard Identifiers 10.1007/978-3-030-79534-4 doi
Call Number HC444 .M33 2022
Dewey Decimal Classification 338.9597
Summary This book compares the experiences of the Philippines and Vietnam to gain insight into how openness to trade and financing can increase prosperity. In contrast, theoretical and empirical work in the 20th and early 21st centuries have returned mixed results regarding this assertion. The book also demonstrates the impracticality of any attempt to pursue prosperity in isolation. Chapter 1 discusses recent data and research on international trade and capital mobility. Chapter 2 describes the economy of Vietnam that has grown rapidly since beginning to open in 1994. Chapter 3 relates the stagnation of the Philippines as it remained closed from 1960 to 1994 and examines the recent rapid growth in spite of the continued relative restrictiveness of Philippine policy. Chapter 4 compares the two experiences and then conjectures about the feasibility of a prosperous autarky. Roderick Macdonald lectures in international business at the International School of Business of the University of Economics Ho Chi Minh City. He has published Eurocritical (2018), Southeast Asia and the ASEAN Economic Community (2019), and The Economy and Business Environment of Vietnam (2020) with Palgrave Macmillan since retiring from ESG-UQAM, Canada.
Note Includes index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed December 1, 2021).
Series Palgrave pivot.
Available in Other Form OPEN AND CLOSED ECONOMIES.
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Introduction
The Economy of Vietnam (with Trung Quang Nguyen)
The Economy of the Philippines (with Teresa Rivera)
Conclusion: Isolationism or Open Borders?

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