PUBLICATIONS & REPORTS
PUBLICATIONS & REPORTS
From Kitakyushu to the world: AGI, a research institute that studies Asia's economy and society
Viet Nam’s Lesson for China： An Examination of the Sachs-Woo Hypothesis
| Author | Nazrul Islam |
|---|---|
| Date of Publication | 2006. 9 |
| No. | 2006-14 |
| Download | 449KB |
Contents Introduction
This paper examines Sachs and Woo’s (1997, 2000) hypothesis that the experience of Viet Nam’s 1989 reforms shows that China would have grown faster had she followed the Big Bang approach to reform instead of the Gradual approach. The paper scrutinizes this hypothesis and the associated argumentation from the point of view of accuracy of facts, appropriateness of the characterization, and acceptability of the hypothesis. The paper finds that Sachs and Woo fall short of meeting these criteria. The paper then examines the possible reasons for Sachs and Woo’s pitfalls.