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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (53908)10/22/2002 12:12:55 PM
From: Karen Lawrence  Read Replies (1) | Respond to of 281500
 
Vietnam is a poor, densely populated country that has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally planned economy. Substantial progress was achieved from 1986 to 1996 in moving forward from an extremely low starting point
from your site...Vietnam has had to recover from the ravages of war, including agent orange deforestation, defoliation, disruption of their world and commerce by the sustained fight during the American presence. But still they are managing to recover although like every country around the world, they are in the throes of setbacks from global recession. But they are progressing despite the ravages of war without our help.

- growth averaged around 9% per year from 1993 to 1997. The 1997 Asian financial crisis highlighted the problems in the Vietnamese economy but, rather than prompting reform, reaffirmed the government's belief that shifting to a market oriented economy leads to disaster