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Keith Griffin (eds.)'s Economic Reform in Vietnam PDF

By Keith Griffin (eds.)

ISBN-10: 0312215371

ISBN-13: 9780312215378

ISBN-10: 033399521X

ISBN-13: 9780333995211

ISBN-10: 1349267953

ISBN-13: 9781349267958

ISBN-10: 134926797X

ISBN-13: 9781349267972

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Collective agriculture in the north and land reforms in the south after reunification ensured that when a more market oriented economic system was created, great inequalities in income and wealth did not swiftly emerge. The degree of equality was greater in the north than in the south, but in neither region were there extreme forms of inequality. In addition, Vietnam also inherited from the socialist period a fairly equal distribution of human capital. Literacy was widespread, most people had at least a few years of formal education and the great majority of the population had access to primary health care.

One of the major obstacles to the diversification of Vietnam's exports is lack of access to the principal market for labour-intensive manufactured goods, the United States. This obstacle is about to be overcome. Once this happens, it should be possible for Vietnam to capture part of the US market for labour intensive manufactured goods from China, possibly with the support of foreign direct investment by US transnational firms. Vietnam should prepare for this transition by investing in the required skills and physical infrastructure.

This obstacle is about to be overcome. Once this happens, it should be possible for Vietnam to capture part of the US market for labour intensive manufactured goods from China, possibly with the support of foreign direct investment by US transnational firms. Vietnam should prepare for this transition by investing in the required skills and physical infrastructure. It is also important to establish normal trading relations with China: the large unrecorded trade between the two countries indicates that a basis for mutually advantageous economic cooperation already exists.

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Economic Reform in Vietnam by Keith Griffin (eds.)


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