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Integration into the Global Economy

In: Economic Reform in Vietnam

Author

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  • Azizur Rahman Khan

Abstract

During the decade since the mid 1980s, Vietnam rapidly became integrated into the global economy. Two major indicators of its increased integration into the world economy are: (a) the rapid increase in the volume of its external trade and (b) its success in attracting substantial amounts of external resources, especially foreign direct investment (FDI). The purpose of this chapter is to give an account of this success during the last decade; to analyze the policies that have made this success possible; to discuss the effect that integration with the global economy has had on economic growth and the distribution of income; and to consider adjustments in policies that Vietnam should make to derive the greatest possible advantage from the opportunities provided by an increasingly globalized world economy.

Suggested Citation

  • Azizur Rahman Khan, 1998. "Integration into the Global Economy," Palgrave Macmillan Books, in: Keith Griffin (ed.), Economic Reform in Vietnam, chapter 2, pages 21-35, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-99521-1_2
    DOI: 10.1007/978-0-333-99521-1_2
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