Abstract
This study discusses the transformation from a colonial into a national economy in Indonesia and Vietnam. It focuses on two intertwined processes of economic decolonization and reconstruction in the two countries after the Second World War, paying special attention to political and institutional factors involved in these processes. The study demonstrates that, although differences in the political situations resulted in the adoption of divergent strategies, Indonesia and Vietnam were in fact pursuing similar long-term goals, namely: attaining a national independent economy. The Indonesian government was determined to get rid of the economic legacy of Dutch colonialism by placing the whole economy under the strong state control and ownership, in accordance with the spirit of Guided Democracy and Guided Economy in the late 1950s and the early 1960s. This effort resembled much the socialist transformation of North Vietnam in the 1950s and the various means by which the government of South Vietnam concentrated economic power in its hands during the late 1950s and the early 1960s.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.