Why do some countries progress while others stagnate? Why does adversity strengthen some countries and weaken others? Indeed, in this era of unprecedented movement of people, goods, and ideas, just what constitutes a nation-state? Forrest Colburn and Arturo Cruz suggest how fundamental these questions are through an exploration of the evolution of Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica over the last quarter of a century, a period of intriguing, often confounding, paradoxes in Central America's development.

Offering an elegant defense of empiricism, Colburn and Cruz explore the roles of geography and political choice in constructing nations and states. Countries are shown to be unique: there are a daunting number of variables. There is causality, but not the kind that can be revealed in the laboratory or on the blackboard. Liberalism—today defined as democracy and unfettered markets—may be in vogue, but it has no inherent determinants. Democracy and market economies, when welded to the messy realities of individual countries, are compatible with many different outcomes. The world is more pluralistic in both causes and effects than either academic theories or political rhetoric suggest.

In the late 1980s, most of the world still associated Vietnam with resistance and war, hardship, refugees, and a mismanaged planned economy. During the 1990s, by contrast, major countries began to see Vietnam as both a potential partner and a strategically significant actor—particularly in the competition between the United States and an emerging China—and international investors began to see Vietnam as a land of opportunity.

Vietnam remains a Leninist party-state ruled by the Communist Party of Vietnam that has reconciled the supposedly irreconcilable: a one-party system and a market-based economy linked to global value chains. For the Party stability is crucial and, recently, increasing economic openness has been combined with growing political control and repression.

This book, undertaken by scholars from Vietnam, North America, and Europe, focuses on how the country’s governance shapes its politics, economy, social development, and relations with the outside world, as well as on the reforms required if Vietnam is to become a sustainable and modern high-income nation in the coming decades.

Despite the challenges, including systemic ones, the authors remain optimistic about Vietnam’s future, noting the evident vitality of a determined society.

In the late 1980s, most of the world still associated Vietnam with resistance and war, hardship, refugees, and a mismanaged planned economy. During the 1990s, by contrast, major countries began to see Vietnam as both a potential partner and a strategically significant actor—particularly in the competition between the United States and an emerging China—and international investors began to see Vietnam as a land of opportunity.

Vietnam remains a Leninist party-state ruled by the Communist Party of Vietnam that has reconciled the supposedly irreconcilable: a one-party system and a market-based economy linked to global value chains. For the Party stability is crucial and, recently, increasing economic openness has been combined with growing political control and repression.

This book, undertaken by scholars from Vietnam, North America, and Europe, focuses on how the country’s governance shapes its politics, economy, social development, and relations with the outside world, as well as on the reforms required if Vietnam is to become a sustainable and modern high-income nation in the coming decades.

Despite the challenges, including systemic ones, the authors remain optimistic about Vietnam’s future, noting the evident vitality of a determined society.