The Socialist Market Economy in Asia

This book is intended for policy-makers, academics and students of development studies, area studies, political economy, geography and political science. Three of the best global performers in terms of economic growth are authoritarian states led by communist parties. The ¿socialist market economy¿ model employed in China, Vietnam and Laos performs better than the economic systems in countries at a similar level of income per capita on a wide range of development indicators, yet market reforms and governance failures have led to highly unequal societies and significant environmental problems. This book presents the first comparative study of development in these three countries. Written by country experts and scholars of development studies, it explores the ongoing quest for market versus state within their model, and the coherence of their development.Chapter 5 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Is intended for policy-makers, academics, and students of development studies, area studies, political economy, geography, and political science

Part I: The Socialist Market Economy: Ideology and Development.- Chapter 1: Introducing the Socialist Market Economy.- Chapter 2: The International Politics of Economic Reforms in China, Vietnam and Laos.- Part II State, Market and the Environment.- Chapter 4: Governance, the socialist market economy, and the Party-State in Vietnam and China.- Chapter 5: Reforming state-owned enterprises in a global economy: the case of Vietnam.- Chapter 6: Rural revolutions: Socialist, market and sustainable development of the countryside in Vietnam and Laos.- Chapter 7: Evolving Environmental Governance Structures in a Market Socialist State: The Case of Vietnam.- Part III State and Society: Inequality, Class and Conflict.- Chapter 8: Consumer socialism: Consumption, development and the new middle classes in China and Vietnam.- Chapter 9: Labour conflicts in the socialist market economy - China and Vietnam.- Chapter 10: Welfare and Social Policy in China - Building a new Welfare State.- Chapter 11: Capitalist Transformation and Habitus in Laos.- Part IV Concluding observations.- Chapter 12: Making Sense of the Socialist Market Economy.