Friday, February 18, 2011


For nearly two decades, Vietnam has been seen as a likely successor to the “Asian tigers,” a handful of countries including South Korea, Taiwan, Hong Kong, and Singapore that successfully and spectacularly industrialized during the late twentieth century. In the 1990s, it was widely thought that the Asian tigers’ success was due to their Confucianism—and since Vietnam was as Confucian as the four Asian tigers, the country was fully prepared for an economic take-off. Although today belief in the Confucianism thesis has faded and Vietnam has yet to tell a success story, the country stays high on the radar screen of international investors. (Asia Policy)
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