Essay on Status Of Transition From Socialism

Production was nonexistent. Northern industries and infrastructures were systematically ravaged by the military might of the United States. The South fared little better. Viet Cong attacks disrupted significant economic activity. The fall of Saigon ended this murderous conflict in 1975. The country was united again under communist economic tutelage. This correlated to huge drain of human capital. By 1982, close to 1 million people fled the country; among them tens of thousands of professional, intellectual, technicians, and skilled workers. The next decade (1976 - 1986) saw the economy of Vietnam plodding along under the weight of central planning. The Vietnamese economy has been plagued by enormous production difficulties, supply and demand imbalances, inefficiencies in distribution, soaring inflation rates, rising debt problems, excessive governmental corruption and illegal asset confiscations by authorities. Vietnam is one of the few countries in modern history to experience a sharp economic deterioration in a postwar reconstruction period. Its postwar economy was one of the poorest in the world and has shown a negative growth in total national output as well as in agricultural and industrial production. Cracks began to appear in the facade of the communist command economy. In 1982, a compromise was reached. Excess food production was allowed to be sold at markets or sold to the State for profit. Free enterprise was sanctioned and small export firms were established to try to sell on the export markets. Planning started to unravel from the rigid communist system and decentralization was allowed to flourish. This activity culminated with the Doi Moi reforms to economic activity. Doi Moi (Vietnamese Perestroika) combined free market incentives (profit!) with government planning. The program abolished agricultural

Socialism in America has progressed substantially and is not bettering The United States. Socialism is a political theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. In much lighter terms socialism is where a government owns and runs everything in the country to, in theory, better the nation for the people. To increase the growth and help the economy in America the people need to learn what socialism is, learn why socialism does not benefit America, limit the federal government’s power, and look at statistics of the poor people in America.

The French imperialised Vietnam and negatively reconstructed their flourishing economy. When the imperialists came to Vietnam in 1887 they immediately took control of their economy and also began stripping the Vietnamese of their resources .According to (alphahistory.com),

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

Vietnam has a very rich history that often goes unnoticed and unaccounted for, this is most likely due to the war being such a big landmark in the history of Vietnam. Before the war many events transpired that would eventually lead up to the war. In the late 19th century Vietnam was considered to be a French colony. The French built their own standing infrastructure, they began to build railways and roads and bridges. All of this building meant heavy taxation on the Vietnamese. This was all good and progressive for vietnam however “Naturally the Vietnamese wanted independence.” (http://www.localhistories.org/viethist.html) From there Ho Chi Minh founded a revolution and within 20 years Vietnam came under Ho Chi Minh rule.

Back in the 1800s was the start of the Economic Systems, communism, capitalism and the best one socialism.Socialism is the best because the care they have for one another. It helps everyone stand on their feet once they hit rock bottom. {Thesis Statement}: Socialism is the best of the three economic systems because of the equality, equal opportunities, and the communal care of the individual as we believe in here at St. Ursula Academy.

Weist (2009, p.83-86) in his book on “The Vietnam War, 1956-1975” maintains that the War had a myriad of effects on the United States. One, the demands of the war constrained the US government’s production potentials, triggering disparities in the industrial sector. For instance, the production plants that would

"GDP growth increased and peaked at 7-3% of GDP in 1966."(Institute for economics and peace2) Vietnam helped the American economy in a time that was rough, few people agreed with the deployment of troops to Vietnam, but it still boosted the economy. Any country needs the GDP to increase in order for the country to remain stable and wars are a good way for countries to help their economy. Without war the way the world economy works would be very different and there would be another way to boost the economy. When a war starts the country sees a growth in jobs and the country starts producing ammunition and other things necessary for a war, Vietnam needed ammunition and guns which lead to an increase in weapon manufacturing jobs and brought up the economy. Vietnam may not have been as beneficial to the economy, but it still helped America to become the power that it is

During the years of the Vietnam War, the economy of the country itself was nowhere near that of some of its major Asian country counterparts. After the war, the economies of North and South Vietnam rose which made foreign countries help with the

For centuries Vietnam had been under Chinese rule. The Vietnamese people were an oppressed society and were exploited by the Chinese. Forced labour was brought upon the Vietnamese people, and there were many tyrannical Chinese governers along with constant demands of tribute for the Chinese rulers. There had been many revolts by

To a degree, the French did bring some commercial and economic activity to Vietnam in the form of rubber and agricultural production and developed architecture in the cities like harbors, roads, schools and sewage removal. They also developed a system for delivering fresh water. However, the French did not do this to benefit the Vietnamese, rather, they did it to make money, educate the workforce and develop a successful

First of all, economic growth is one of the macroeconomic objectives that the government wants to achieve as a primary goal and it happens when there is a rise in the enlarged product of population and per capita consumption. According to Hoover (2011), economic growth is the total material output of good values and service values in the market, measured by Gross Domestic Product (GDP) in a specific period of time. The growth of GDP is measured by excluding intermediate consumptions (production and resale), purely financial transactions and second-hand sales, which prevents double counting. To obtain an accurate value of economic growth, GDP needs to include the total output of expenditures and incomes.

and Vietnam is good. It is evident that President Obama's visit to Vietnam showed that the two countries that initially were warring had reconciled and they were ready to keep to the end of their responses. The relationship is warmer between the two countries. When Barrack Obama relaxed the embargo on military arms that had been placed on Vietnam, the good rapport is likely to continue to the future. Also, U S and Vietnam are more of partners with them signing various contracts like in the sectors of education where the two countries are implementing exchange programs for teachers (Wiest & McNab, 2012). It is also ideal that the tourism and commerce sectors have strengthened because of the mutual relationship between the two countries. Through the Nixon doctrine, the above achievements were able to be achieved. Vietnam now has stable economies and high-security

The future of the economy is still going strong but one has not seen the great strides in advancement, as was the case from 1983 to 1993(economy). "Per capita personal income for the Nation is projected to increase 1.2 percent per year in 1993-2005, compared with a 1.4 percent increase per year in 1983-93. The growth rate slows as a result of the relationship between personal

After this fortunate door-opener, Vietnam was known as one of the most rapid- growing economies worldwide.