Introduction to Part VI
Pages 5

In looking at the interaction between public and private actors in the development of economic regulation, we might start by noting that both China and Vietnam have been pursuing, and for the most part continue to pursue, state-led developmental strategies – strategies that place central-level planning and design (rationalization) at the center of effective developmental trajectories. In both cases, the transition from a predominantly planned economy to a significantly market-based economy has changed the focus of central planning and design, shifting it away from planning resource allocations and direct distribution to more industrial-policy type planning. Nevertheless, in contrast to the Anglo-American industrial systems that tend to serve as the principal referent for Western developmental thinking, the developmental strategies of both China and Vietnam are both aggressively “top-down” and highly focused on centralized industrial planning.