An Alternative Strategy for Catch-Up Economy in Vietnam, A Lesson for Developing Countries

다국어 초록 (Multilingual Abstract)

This paper describes catching-up models of earlier late-comers such as Japan, Korea, and China. From that, it discusses the role of FDI (foreign direct investment) and other supporting industries in the growth of the current economy in Vietnam. These elements can help Vietnam to access the latest technology, and innovation as well as to improve the highly skilled labor, which are the central factors to the catching-up process. Finally, the paper proposes an alternative model of the catching-up process for Vietnam, which will take into account the key features of the current environment.

목차 (Table of Contents)

• 1. Introduction
• 2. Background of catching up theories
• 3. The catch-up model of Japan and Korea during the 1960s-1980s
• 4. Chinese model and the difference of two basic architectural types: modular and integral
• 5. A proposition of the industrial strategies for the catch-up process of Vietnam.
• 6. Conclusion
• Reference