Phuong Huynh
Econ 801
Long run Growth in Viet Nam
Abstract
In recent years, Viet Nam has become the fastest growing industry in East Asia, the long run growth of this country economy can be illustrated in several historical periods. The paper will begin with the historical time before and after the Economic liberalization _ Doi Moi in 1986.The the study will focus on the time when Viet Nam joining the World Trade Organization (WTO) at 2007 and finally is the performance of government in recent years.
The Back Ground of Viet Nam Economy
Viet Nam is a growing and transforming economy, the country is in the group of the highest growth rates countries in the world. The country has succeeded in maintaining an average growth
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Historical Events in Economic Growth
The Hồng Bàng period, likewise called the Hồng Bàng Dynasty, was a period in Viet Namese history crossing from the political union in 2879 BC of numerous tribes of the northern Red River Valley to the victory by A Dương Vuong in 258 BC.
The economy was mostly depend on rice paddy cultivation and crafted works, hunting and gathering, farming and fishing. Particularly, the aptitude of bronze casting was at high level. The well-known relics are Đông Sơn Bronze Drums on which delineated house models, fashion, custom, and social activities of the Hùng period. After this long last time based on farming and fishing, the country try to implement the policy of specialize the best product in each provinces and urban areas.
In the mid-19th century, Vietnam 's economy is under the French colonial economy and protectionism. This is the period when the French invaded Vietnam, this time in Vietnam grew at only 2.5% to 3%, after the French captured six provinces of South America, growth in South America this time up to 6%.Vietnam 's growth rate was up about 6% steady. Moreover, the Vietnam 's economy was raised up to 8% in level. Facing pressure world economic crisis in the 30s, Vietnam 's economy declined in a significant amount. However, patriotic revolutionary boomed everywhere in both the North and
This dramatic change which occurred in less than 25 years is all due to the conflict theory. Without the Battle of Bach Dang it is possible that Vietnam could still be under Chinese rule and the people would continue to be exploited.
A common modern belief is that war leads to a positive outcome within the United States economy. Despite this, the Vietnam War had a negative impact on the United States economy. The United States experienced an increase in the national debt as a result of the Vietnam War. This led to significant inflation in the United States. Inflation in the US caused by the Vietnam War then led to an increase in federal taxes in the United States. Therefore, the Vietnam War had many negative economic consequences for the United States including an increase in national debt, inflation, and federal taxes.
The Tang and Song dynasties in China existed between 618 to 1279 CE. Throughout this period, there were many developments in art, poetry, and technology. China was highly influential all around the world. It became known as the Golden Age of China. With advances in technology and ideas that could improve the everyday life, a unified government, and a strong economic system, the Tang and Song dynasties became the Golden Age of China.
The Song dynasty came in to power in 960 and ended in 1279. It consisted of the Northern Song and Southern Song. Northern Song was founded by Zhao Kaungyin, a military
Following the collapse of the Han Dynasty in 220, China declined into an elongated term of division. China was divided and in a time of war, with a lack of leadership. It was only in the Sui Dynasty (589-618) reunited North and South China as one. The Tang (618-906) and Song (960 - 1279) Dynasties that followed created the “Golden Ages of China”. Although the Tang and Song Dynasties existed in a similar time and had a similar economy, there are also many differences between the influential dynasties such as certain aspects of their society and politics.
The Song dynasty, also called the Sung dynasty, was the Chinese reign during the late 10th-13th centuries that, like the Tang, had a far-reaching impact economically, culturally, and socially. The period is divided into two parts: the Northern Song and the Southern Song. Economically, commerce, trade, and manufacturing grew exponentially. Culturally, Confucianism witnessed new life as it undergirded the growth of the Chinese middle class, and socially, a revision of the Chinese civil service examination widened government representation. The Song dynasty could easily be argued as the renaissance of China.
In conclusion, the impact of the French colonialism on France was not either bad nor good, it was in between because the colonization positive and negative effects are equal. Some of its positives, the French brought new religions and opportunities, and raise the education and learn more about the new culture, and bring new technologies, provided new resources for trading and new trading resources, and learn new languages. Some of its negative, not in Vietnam but some countries took people as slaves, in the French colonization, the colonizing country could delete the culture and give it a new one and could destroy its religion, and the colonization improves the country for self-benefit. Overall, Vietnam has been affected in many ways, for example, cultural or historical, economic or
A golden age is a specific time where peace, happiness and prosperity flourishes within a civilization. In China. This period was known as the Song Dynasty, which lasted from (920-1279). China’s Golden Age was followed by the Yuan Dynasty, which dated from the years (1271-1368). During this period the Song Dynasty was exciting to people. Agriculture flourished leading to the inventions of the moveable typewriter and magnetic compass, paper money, and even gunpowder. The Song Dynasty led to China’s most significant achievement, Neo-Confucianism. Despite the influential importance art and creativity had on the Chinese people, it did not perform as much of an important, helpful part to the Chinese people as Agriculture and Neo-Confucianism did.
Vietnam was a French colony dating back to mid 1800s. Vietnam was meant as a farming colony where they would grow things such as tobacco, tea, and coffee. The French treated their colony poorly by denying civil
In china there has been no central rule in China for 70 years until the Song Dynasty created in 960. Things started to change in China, for example, the government started to aid the poor a lot more than what they have in the past. They were getting this money from the newly introduced income tax. This made a lot of people happy and everyone started to have more patriotism and pride. This pride gave the government a feel of legitimacy. Some of the major things the government is paying for is the roads, food, and education. Pottery at this time helps out the economy in China, because the pottery is so advanced that it was being exported for good money and it also led more people to come to China. Even though China was number one in the world for many things like technology and a sophisticated culture they were weak military wise (Holcombe p.127).
Profit gains acted as the main factor triggering French colonization of Indochina to be in their presence. The French companies and the colonial officials engaged in the transformation of the Vietnam subsistence economy to a system that is proto-capitalist on the bases of low wages and exports, increased production, and land ownership (Kolko 7). Thus, the Vietnamese never worked for their profits, but for the benefit of the colonies of the French.
The media plays a big role in society. Watching television, listening to the radio, and news media are a staple in American day to day activities (Mantsios 610). The media makes Americans in the United States unaware that there is a stratification of class in America. “We maintain these illusions, in large part, the media hides gross inequalities from public view. In those instances when inequalities are revealed, we are provided with messages that obscure the nature of class realities and blame the victims of class-dominated society for their own plight,” (Mantsios 610). When we think of other countries, such as Africa, the first thing that comes to mind is the starving children of Africa. In the US, the media does not show the people who
The global financial crisis has affected severely on Vietnamese exports. After joining the WTO, Vietnam’s trade has become depend on global
In a society where an elite elegance has gotten rid of tools that the rulers do not allow because an this elite institution of people often use this gear to dominate and oppress society. In George Orwell’s story, Animal Farm, Orwell demonstrates that education is a powerful weapon and is a device that can be used to at least one’s benefit. Living in a world where strength is a straightforward to benefit, the pigs quick use education to govern the relaxation of the animals on the farm to serve themselves worked to their advantage. This story in shows the underlying message that first, training is important to all tiers of society, subsequent, for when it is not, society is stratified, ensuing in the masses struggling.
Sexuality was a sensitive topic during the times of Dickinson and Whitman. It was a time dominated by religion and church, where sex is between a man and a woman who are married. The term and idea of homosexuality hadn’t developed in people’s minds yet. Trying to understand two men or two women being attracted to each other was difficult for people. And even if someone could imagine these relationships, there wasn’t a word to describe them like today. Somewhat unfortunately for Dickinson and Whitman, they were born in this time period where they could not be truly understood without these concepts of homosexuality. Writing about sex during this era was dangerous and controversial, but writing about homosexual relations was nearly unheard of. When Whitman published Leaves of Grass, it was overtly sexual. Critics of the book saw it as obscene and vulgar. However, if Whitman were to edit and remove some of the sexuality seen in his writings, it would simply not be a Whitman poem any longer. Dickinson on the contrary used sexual references and sexual language much less often and much more discretely. Her poems did not revolve around the sexual nature of humans the way Whitman did. Whitman throughout his poetry writes against the status quo of prudeness in regards to sexual relations. While Dickinson may have agreed with Whitman and his writings, she was not as influential at changing sexual stigmas as Whitman was.