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Open and Closed Economies = Lessons from the Philippines and Vietnam /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Open and Closed Economies/ by Roderick Macdonald.
Reminder of title:	Lessons from the Philippines and Vietnam /
Author:	Macdonald, Roderick.
Description:	XIX, 145 p. 52 illus., 50 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	International trade. -
Online resource:	https://doi.org/10.1007/978-3-030-79534-4
ISBN:	9783030795344

Open and Closed Economies = Lessons from the Philippines and Vietnam /
Macdonald, Roderick.

Open and Closed EconomiesLessons from the Philippines and Vietnam /[electronic resource] :by Roderick Macdonald. - 1st ed. 2022. - XIX, 145 p. 52 illus., 50 illus. in color.online resource.

Introduction -- The Economy of Vietnam (with Trung Quang Nguyen) -- The Economy of the Philippines (with Teresa Rivera) -- Conclusion: Isolationism or Open Borders?.

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.

ISBN: 9783030795344

Standard No.: 10.1007/978-3-030-79534-4doiSubjects--Topical Terms:

555246
International trade.

LC Class. No.: HF1371-1379

Dewey Class. No.: 382

Open and Closed Economies = Lessons from the Philippines and Vietnam /
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