Abstract:
Cheshier, Penrose and Pincus (2005) suggest that "export-led" industrialisation process in Vietnam resembles Mexico more than the East Asian countries.
The issue is policy relevant particularly because policy instruments that pushed the "flying geese" wave of industrialisation in South East Asia are generally not available anymore.
How can this two countries, so different in terms of economic history and context, be sharing a similar position in many international markets?
How does policy affect this result? In this paper we want to test the hypothesis of Cheshier, et al, but will use a different approach, one based in the analysis of structural change.