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This clear and accessible text explores Vietnams successful transition from neo-Stalinist central planning to a market economyVietnamese style. The authors contend that the Vietnamese transition was largely bottom-up in character and that it evolved over a long enough period for the countrys political economy to adjust. This explains in part the rapid shift to a high-growth, externally oriented development path in the early 1990s. Based upon extensive in-country experience, a wealth of primary materials, and wide comparative knowledge of development issues, the book challenges many preconceived notions, both about Vietnam and about the general nature of transition processes. }This clear and accessible text explores Vietnams successful transition from neo-Stalinist central planning to a market economyVietnamese style. After describing the north Vietnamese system prior to 1975 and its colonial and pre-colonial antecedents, the authors uncover the mechanisms of that changeover. They contend that the Vietnamese transition was largely bottom-up in character and that it evolved over a long enough period for the countrys political economy to adjust. This explains in part the rapid shift to a high-growth, externally oriented development path in the early 1990s, despite the loss of Soviet aid and the lack of significant Western substitutes until 19921993. Based upon extensive in-country experience, a wealth of primary materials, and wide comparative knowledge of development issues, the book challenges many preconceived notions, both about Vietnam and about the general nature of transition processes. }