Vietnam Economy After Embargo Essay

more money to spend on music and fashion, and so they had more say in

President Dwight Eisenhower conditionally pledged to support South Vietnam’s new nation in 1955. In the time period between 1955-1961 the United States pumped seven billion dollars in aid so that Vietnam would not “go over quickly” like a “row of dominoes” (McNamara 31). In the next 6 years Vietnam would cost America billions of dollars, thousands of lives, and the disaffection of much of the United States public. Yet in the end, South Vietnam would fall to the North less than 2 years after the United States military involvement ceased.

The economy of the world is changing all the time. We have had our ups and downs, but with the help of insights from economist, we have been able to sustain a decent economy. In Naked Economics, Wheelan discusses how a country can have a successful economy. He discusses why countries are poor and why some other countries are doing lavish things, like buying a cake for a dog. The reason behind it is because the richer countries are more productive and allocate resources and the poorer countries aren’t as efficient and don’t allocate resources. Wheelan also wrote about how Steve Jobs and Bill Gates became as rich as they are. They made huge investments in human capital to become rich. They became rich because they had a product that people were willing to give their money for. There are many problems in different economies and Wheelan explains why they are failing. Some economies suffer from a poorly ran government and others suffer from the lack of information. Trade is a positive thing, but there are people that discourage it because products are imported from outside of the United States.

In 1960s, the US was faced with another crisis of communist expansion in the war between North and South Vietnam. The Kennedy Administration decided to further pursue their containment strategy out of fear being seen by the international community as weak towards communism. During the Johnson Administration, an attack against American vessels that happened in the Gulf of Tonkin led to President Johnson being granted the ability to conduct broad military operations without congressional approval. The American public began to largely oppose American intervention in Vietnam because the optimistic statements made by the government ran contradictory to the reports of the violent fighting by American news outlets. During the Nixon administration, the US switched to a policy, later known as Vietnamization, where the main goal was to strengthen the South Vietnamese forces and provide them with better armaments so they can better defend themselves. Vietnamization proved to be ineffective as the South Vietnamese forces were unable to hold their own against the North without US air support as proven during Operation Lam Son 719 and the Easter Offensive. The signing of the Paris Peace Accords officially ended US involvement in the Vietnam War. The US followed containment policies during beginning of the war due to the underlying fear of the spread of communism and since the policies were inherited from previous

There are no positive effects to imperialism, it is simply wrong. Imperialists were countries who took over other countries for their natural resources or raw materials to advance their own economic and military benefits. Countries around the world are still suffering from the devastating and brutal effects of their country’s imperialism. The French imperialised Vietnam and negatively reconstructed their flourishing economy. The Belgian imperialised the Democratic Republic of Congo brutally murdered their citizens and raped them of their resources and land. However, Imperialists believed they were helping develop primitive countries. Imperialism in many countries begins with the advancement towards economical resources.

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.

CONSIDERATION: In March 8, 1965, 3,500 marines of the 9th Expeditionary Brigade arrived in Central Vietnam; they were the first of the many American combat troops to be deployed into what ultimately was, a great tragedy (Lindsay). This tragedy is known to the world as the Vietnam War. A war that was an unmitigated disaster. A war that was lost before it even began. A war that resulted in the deaths of countless lives. An estimated two million Vietnamese civilians were killed, alongside 1.1 milion North Vietnamese soldiers, 250,000 South Vietnamese soldiers, and 58,200 U.S. soldiers (Spector). Once a champion of America's involvement in the Vietnam War, Robert McNamara, the Secretary of Defense who presided over

On March 29 in 1973, the last American troops left Vietnam, leaving thousands of missing behind. The same day, a few hundreds of war prisoners were released in Hanoi. Within a couple of months, the war between the North and the South was restored and it was soon apparent that the communists are more unified and have a military dominance. In Cambodia and Laos, where the fights were not so strong, the communist victory also seemed unavoidable. In March 1975 the northern Vietnam commenced a complete military invasion in the South. Southern president Thieu asked Washington for help, but the democratic majority in the Congress refused and on March 30, the Americans could watch on TV how North-Vietnamese tanks enter Saigon, which was soon renamed to Ho-Chi-Min’s town. Scenes in American embassy in Saigon, where thousands of scared Vietnamese fought for places on board of last American helicopters were a sad ending of the biggest American foreign policy catastrophe.

In 1958, Communist-led guerrillas, eventually known as the Viet Cong, began to battle the government of the South Vietnamese. The United States then sent 2,000 military advisors t support South Vietnam’s government. This number grew to 16,3000 by 1963. The military force slowly deteriorated. By 1963 the fertile Mekong Delta was lost to the overpowering Viet Cong. The war rose in 1965, when President Johnson issued commencing air strikes on North Vietnam and ground forces, which had risen to 536,000 by 1968. The Tet Offensive by North Vietnam turned many Americans against the waging war. President Nixon, following Johnson, promoted Vietnamization, the withdrawing of American troops and handing over the great responsibility of the war to South Vietnam. Protesting of the war dramatically increased, especially after Nixon’s attempt to slow North Vietnam forces and supplies into the South by sending American forces to destroy supply bases in Cambodia in 1970, which violated Cambodian neutrality. This provoked antiwar protests on many of the United Stats’ college campuses. In 1968 through 1973 attempts were made to end the ongoing conflict through diplomacy. Then in January 1973, an agreement was reached. U.S. forces withdrew from Vietnam and the U.S. POWs were released. In April 1975, South Vietnam surrendered to the North and Vietnam was once again united. The Vietnam War ended, but it took the lives of 58,000

Unlike many other European countries that sought out the territory in Southeast Asia merely for increasing their power through trade, the French first began interactions with the region as early as the 17th century. Alexandre De Rhodes began an expedition to the Southeast Asia region with the desire to expand the Jesuit missionaries throughout the region to further their belief. For many years until the 18th century, the Jesuits expanded and created many missionaries throughout the region. The 18th century had brought an astronomical expansion in the trading markets throughout Europe and Asia as all the European superpowers began colonizing all of Southeast Asia to further their trading “empires.” The French would also begin to

After the conquest of South Vietnam in April 1975, the Communist and National Liberation Front (NLF) organizations in the South were either dissolved or integrated. General elections to the National Assembly was held on April 25, 1976 and in its first session, a national government replacing the Provisional Revolution Government (PRG) and the Democratic Republic of Vietnam (DRV) was announced and the country renamed the Socialist Republic of Vietnam (SRV). Hanoi became the capital, and Saigon was renamed Ho Chi Minh City. The National Assembly elected the president, vice president, and a Council of Ministers headed by the prime minister. There were no separation of powers between the legislature, executive, and the judicial branches of the government.

The United States intervention in Vietnam is seen by the world as America’s greatest loss and longest war. Before the start of the war in Vietnam, the thought of the United States losing this war was unheard of because America was technologically superior, no country in south East Asia could contend with them. Lyndon B. Johnson announced that he would not be the president to allow South East Asia to go Communist . Why the United States lost the war has been a huge debate since the end of the war, because there were so many factors affecting why they lost; the war was a loss politically, after losing support from not only the American public but also the South Vietnamese and losing a political mandate for the war by 1973, when the last

The United States has also jumped at this opportunity. As of now, Vietnam is the country’s 29th ranked trading partner, a number that is expected to increase in upcoming years. This comparative analysis highlights some elements of Vietnam’s current business structure and is benchmarked to the United States. The first section of this analysis covers key insights in the labor market of both countries, followed by differences in economic sectors, then it will cover some key findings in trade relations, and finally an overview of some similarities and differences in business culture and etiquette.

As noted, the growth model is facing its limits, with growth slowing and vulnerabilities rising, successful development in the past relied on high investment, relatively inexpensive labor, productivity- enhancing foreign direct investment, and strong global demand. Along the way, the government played an important role in the allocation of resources, both through state-owned enterprises and local governments, especially in infrastructure.

Vietnam’s recovery from the global economic crisis has been rapid but precarious (WB, 2010). During the economic recession, the Government launched many flexible monetary policies and the economy became less open. Nonetheless, due to failure of macroeconomic policymakers in Vietnam to introduced the stimulus package in time and the failures over the Economic Groups, stability did not return until 2012 (Suiwah, 2015). In 2010, the real GDP growth rate was increased to 6.8% from consecutive deduction since 2007. However, it decreased again in 2011 and 2012 with 5.8% and 5% respectively, and only recovered afterwards (Figure 2). As the world recession spread out, inflation rate in Vietnam kept increasing dramatically, reaching the peak in July 2008. In April 2008, the eight policy packages issued by the Government was implemented, including tight monetary policy, interest rate controls, etc. to curb inflationary expectations and to stabilize the economy (Thanh, 2008). Afterwards, month-on-month inflation seemed to decline, particularly since September 2008, however, inflation still remains high and many enterprises facing difficulties. At the end of 2008 and the beginning of 2009, the global financial crisis was on its borders, demand significantly decreased. The government, therefore, had to switch gears again in late 2008 to tackle the economic activities by embarking a large monetary stimulus package, including interest rate subsidy, tax reductions and additional capital