This volume is one of the few to deal with "the reemergence of Vietnam" -- not as the belligerent champion of a militant ideology and socialist causes, but "as an open, friendly country seeking a respected place in the world community" (although, I should say, I am biased since I contributed an essay). The authors argue that since 1992, Vietnam has entered a period of high growth and could well double its per capita income by the end of the century. But there are serious tasks ahead: the rationalization of failing state enterprises, the unblocking of rural access to credit, and the creation of a modern legal system. They argue further that the United States and Japan should open their markets, facilitate trade, investment, and technology transfers, and extend aid. They should urge Vietnam to further reduce its armed forces. And they should support the full engagement of Vietnam in the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation forum.
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