scholarly journals Vietnam’s Trade Policy: A Developing Nation Assessment

10.31355/9 ◽  
2017 ◽  
Vol 1 ◽  
pp. 013-037 ◽  
Author(s):  
Steven J Clarke ◽  
Mohammamadreza Akbari ◽  
Dr Shagheyegh Maleki Far
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Trade Policy ◽  
Foreign Aid ◽  
Strategic Plan ◽  
The Body ◽  
Development Theory ◽  
Trade Patterns ◽  
Strategic Development ◽  
Developing Nation

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose................................................................................................................................................................................................... This paper is a review of the progress of the Vietnam socio-economic and development plan and an assessment of the extent to which Vietnam is putting in place the critical social and economic development structures that will enable it to reach the status of “developed nation” in the time set (2020) by its national strategic plan. The research will identify and review trade patterns, trade policy and the effect of foreign aid on Vietnam’s plan to transform its economy and society from a developing nation status to status of developed nation. The overriding question stands as “is” Vietnam effectively moving towards developed nation status soon”? Background................................................................................................................................................................................................... This paper examines the history of Vietnam from the command economy in its transition to a market driven economy, the criteria, hurdles and challenges as the country moves towards a developed country status. Methodology................................................................................................................................................................................................... Applied research based on the body of research in socio-economic development theory, international trade and market theory. The review is conducted by collecting and analyzing data on foreign trade, foreign aid, business and general economic growth, development and social wellbeing. It identifies and appraises the trade patterns, trade effects, socio-economic policies and the effect of foreign aid] on the economic growth and the progress of the country towards becoming a developed nation state. Contribution................................................................................................................................................................................................... The findings will assist academic, business and government researchers, policy and decision makers engaged developing Vietnam’s trade policies and strategic plan for its it future growth and economic progress towards a developed nation status. The paper will also provide additional insight into the business and market structure and environment in Vietnam and the role it plays aiding its growth and development. Findings.......................................................................................................................................................................................................... Vietnam has experienced significant progress to date based on conventional developed nation criteria. However, there is an ongoing need for continued assertive governmental application of geo-economic and geopolitical policies focusing on sustainable, comprehensive, and vital social, cultural and economic growth. Recommendations for Practitioners................................................................................................................................................................ Specific policies and strategies for government and business reforms in Vietnam must focus on, 1. Replacing the projected benefits in growth utilizing accomplishments to date from negotiations and strategic development of the TPP, in-spite of current delays or withdrawal. 2. Continuing use of US financial aid and ODA sources to enhance HDI and support Vietnam’s commercial and social opportunities 3. Continued industrial zone development 4. Continued human labor improvements 5. Continued export expansion programs 6. Continued close working relationship with the WTO 7. Continued development strategies including SEDS, SEDPs, and FTAs Recommendation for Researchers................................................................................................................................................................ Researchers, when collecting economic and social data, need to [adhere to World Trade Standards data collection, measurement, classification, and estimation of trading data: for example,] precisely define, and determine the validity, accuracy, expected bias and relevant statistics and classification methods used by government agencies and international organizations. Impact on Society........................................................................................................................................................................................... Vietnam’s drive towards developed nation status will enhance the quality of life for a greater number of its citizens. Future Research................................................................................................................................................................................................ Future researchers ought to focus on specific elements of HDI and forms of foreign aid support for long-term economic and social development, and enhancing governmental reform of its dynamic and strategic development potential.

scholarly journals Vietnam Trade Policy: A Developing Nation Accessment

10.28945/3730 ◽  
2017 ◽  
Author(s):  
Steven J Clarke ◽  
Mohammadreza Akbari ◽  
Shaghayegh Maleki Far
Keyword(s):  
Economic Growth ◽  
Trade Policy ◽  
Foreign Aid ◽  
Economic Policies ◽  
Trade Patterns ◽  
National Strategic Plan ◽  
Social Wellbeing ◽  
Social And Economic Development ◽  
The Status ◽  
Development Plans

This paper is a review of the progress of the Vietnam socio-economic and development plans, and an assessment of the extent to which Vietnam is putting in place the critical social and economic development structures that will enable it to reach the status of “developed nation” in the time set (2020) by its national strategic plan. The research will identify and review trade patterns, trade policy and the effect of foreign aid on Vietnam’s plan to transform its economy and society from developing to a developed nation status. The overriding question stands as “is” Vietnam effectively moving towards developed nation status soon”? The review is conducted by collecting and analyzing data on foreign trade, foreign aid, business and general economic growth, development and social wellbeing. It identifies and appraises the trade patterns, trade effects, socio-economic policies and the effect of foreign aid on the economic growth and the progress of the country towards becoming a developed nation state. Vietnam has experienced significant progress to date based on conventional developed nation criteria. However, there is an ongoing need for continued assertive governmental application of geo-economic and geopolitical policies focusing on sustainable, comprehensive, and vital social, cultural and economic growth.

Modernization Theory

2016 ◽  
Author(s):  
José Antonio Cheibub ◽  
James Raymond Vreeland
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Aid ◽  
Authoritarian Regime ◽  
Statistical Evidence ◽  
Modernization Theory ◽  
Economic Assistance ◽  
Growth And Survival ◽  
Economic Level ◽  
Economic Modernization

This article examines the link between economic development and democracy. Drawing on modernization theory, it considers whether democracy is more likely to emerge in a country that modernizes economically. After discussing various criticisms against modernization theory, the article reviews statistical evidence to determine whether economic modernization gives rise to democracy. It argues that the correlation between economic development and democracy stems from the survival of democracy and that a poor authoritarian regime is not likely to turn into a democracy even if it receives economic assistance, either in the form of foreign aid or access to markets through trade. The article highlights the correlation between economic level and survival, rather than between economic growth and survival, noting that economic growth can be helpful only if it is sustained.

scholarly journals The Macro Effect Of Foreign Capital And Aid On The Economic Growth In Malaysia

2011 ◽  
Vol 1 (9) ◽  
Author(s):  
Caroline Geetha
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Multinational Corporations ◽  
Economies Of Scale ◽  
Foreign Capital ◽  
Developed Countries ◽  
Economic Interdependence ◽  
Developing Nation ◽  
The Government ◽  
The Developed Countries

Economic interdependence among nations of the world has become important and enormously complex. Foreign capital and aid is an important form of economic interdependence because they are the main components of capital formation especially for the developing nation. A significant amount of foreign capital and aid which has amounted to around $30 billion of the worlds gross domestic product, grows at an annual rate of 15 percent (higher than the economic growth rate of certain nation). Multinational corporations in search for profits in the developing nation undertake inflow and outflow of foreign capital in the form of foreign direct investment, skills and technology. This creates internal economies of scale for the parent company and external economies of scale for its subsidiaries. Overwhelming performance of foreign capital can also create external diseconomies of scale known as stunting effects for the developing nation. The government of the developed countries for political and humanitarian reasons also offers foreign aid. Foreign aid should be paired well with the stages of the economic development of a country to create increasing returns. This paper provides a critical analysis of growth in relation to foreign capital and aid in Malaysia. The analysis is divided into two sections. The first section looks at foreign capital and aid as an independent variable while the second section looks at foreign capital and aid as the dependent variable. Foreign capital is found to be positively correlated to economic growth and it is also highly significant compared to foreign aid which has no positive correlation and hardly contributes to Malaysias economic growth. Finally some policy options are recommended to improve the economic growth in Malaysia.

scholarly journals THE ROLE OF INVESTMENT IN THE FIELD OF AGRICULTURE IN KOSOVO

2019 ◽  
Vol 31 (5) ◽  
pp. 1459-1462
Author(s):  
Adelina Gashi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Private Sector ◽  
Foreign Aid ◽  
Significant Progress ◽  
Macroeconomic Stabilization ◽  
Negative Effect ◽  
The Stability ◽  
High Level

Kosovo has made significant progress in institutional building and macroeconomic stabilization, even though, the opportunity to meet needy people was very slow. The lack of economic development seems to have a negative effect on the stability that will push economic growth. The most urgent challenge for Kosovo authorities was to maintain macroeconomic stability and achieve economic growth, in pursuit of the reduction of the high level of unemployment. Reducing foreign aid and spills in the private sector will make it very difficult to achieve this goal. Mitigation of emigration is a very important issue for Kosovo's economy.

scholarly journals An Empirical Analysis of China's Dualistic Economic Development: 1965–2009

2011 ◽  
Vol 10 (3) ◽  
pp. 1-29 ◽  
Author(s):  
Marco G. Ercolani ◽  
Zheng Wei
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Significant Role ◽  
Labor Migration ◽  
Capital Accumulation ◽  
Service Sector ◽  
Development Theory ◽  
Agricultural Labor ◽  
Marginal Productivity

We analyze China's rapid economic development in the context of the dualistic development theory. Over the period 1965–2009, we find that China's economic growth is mainly attributable to the development of the non-agricultural (industrial and service) sector, driven by rapid labor migration and capital accumulation. We find that the sectoral reallocation of labor plays a significant role in promoting China's economic growth. Further, we find that the marginal productivity of agricultural labor stopped stagnating in 1978, which indicates that China entered quickly into phase two of economic development with the initiation of market reforms. Moreover, by 2009, the marginal productivity of labor has likely exceeded the institutional wage, as defined by the initially low average labor productivity, indicating that China may be now in the process of entering phase three of economic development.

Politics of Development

2017 ◽  
Vol 5 (2) ◽  
pp. 164-182 ◽  
Author(s):  
Pallav Karmakar
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Project ◽  
Land Acquisition ◽  
Developing Nation ◽  
Central Concern ◽  
Prime Concern ◽  
Wide Range

Land acquisition for development project is not a new topic of discussion at least in a developing nation as ours. In recent times, we happened to have witnessed a wide range of protests and chaos relating to land issues in the country. Land is needed for industrialisation, which is the prime concern for economic growth, but the central concern of development should be the welfare all sections of the society rather than just economic growth. The article aims to understand the complexities of development, keeping land acquisition and its consequences at the forefront. It also focuses on the land acquisition policies in the country and how these policies have evolved over a period of time. More importantly, it analyses the implications of land acquisition, with certain cases being highlighted. Further, an attempt is made to perceive how the land acquisition controversies have affected economic development in the country.

scholarly journals KERAGAAN MODEL KEBIJAKAN PEMBANGUNAN EKONOMI SEKTOR IMMT DI SUMATERA UTARA

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Eko Wahyu Nugrahadi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Development Policy ◽  
The Body ◽  
Development Model ◽  
Depth Information ◽  
Social Accounting Matrix ◽  
Economic Development Policy ◽  
Model Approach

Economic growth in North Sumatera (Sumut) in the last five years has increasedsignificantly. However, income inequality be widened. From the results of previous research has identified that one of the six sectors that have the most optimal possibilities for development as the development model of economic development of sectoral policies that can solve that problem in Sumut is the industry of food, beverages and tobacco (IMMT). The question needs further analysis to obtain a more in‐depth information in the development of that sector. Specifically, this study aims to identify the body of model of economic development policy in IMMT sector in addressing income inequality in the province of Sumut. The analysis is based on a model approach Social Accounting Matrix (SAM). For the purposes of analysis: (1) linkage, and (2) multiplier. Results of the analysis showed that IMMT have: (1) the index of sensitivityand power of dispersionis greater than one at a time, (2) forward and backward spread effect index larger than other sectors, (3) the second largest output multipliers, and (4) ranked sixth refers to the total sector.

Palestinian Economic Development: Paradigm Shifts since the First Intifada

2016 ◽  
Vol 45 (2) ◽  
pp. 55-71 ◽  
Author(s):  
Leila Farsakh
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
The Body ◽  
Paradigm Shifts ◽  
Theoretical Frameworks ◽  
Body Of Knowledge ◽  
Occupied Territories ◽  
Palestinian Economy ◽  
First Intifada ◽  
Development Paradigm

This article reflects on the body of knowledge that has been constructed around the Palestinian economy. It traces the paradigm shifts between the two most commonly used theoretical frameworks—neoliberalism and colonialism—and assesses their success in analyzing and explaining the determinants of Palestinian economic growth. The Zionist project itself as well as the significant disparities between the various Palestinian communities that exist (inside Israel, in the occupied territories, and in the diaspora) have figured unevenly or not at all in scholarly analyses. The paper argues that as a result, the scholarship on the Palestinian economy has been quite inconsistent. The discussion seeks to demonstrate that this inconsistency has compromised the ability of economists both to explain the failure of Palestinian development and to identify possible remedies.

scholarly journals Using business process improvement concept to optimize enterprise production system in conditions of innovative economic development

2018 ◽  
Vol 224 ◽  
pp. 02011
Author(s):  
Elena S. Palkina
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Process Improvement ◽  
Business Processes ◽  
System Development ◽  
World Market ◽  
Strategic Development ◽  
Managerial Decisions ◽  
The World ◽  
Development Processes

Innovation is the basis of economic growth. Currently, they are mainly subordinated to the goal of creating a digital economy. The article is devoted to creation of research methodology in the field of production and economic system development processes, real and potential results of its functioning on the basis of the business processes improvement concept that will serve the making managerial decisions, implementation of the innovative scenario of the Russian enterprises strategic development, increase of their competitiveness in the world market.

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