Public Disclosure Authorized 65980 V I E T N A M D E V E L O P M E N T R E P O RT 2 0 1 2 MARKET ECONOMY FOR A MIDDLE-INCOME VIETNAM Joint Donor Report to the Vietnam Consultative Group Meeting December 06‚ 2011 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Consultation Draft Vietnam Development Report 2012 MARKET ECONOMY FOR A MIDDLE-INCOME VIETNAM Joint Donor Report to the Vietnam Consultative Group Meeting December 06‚ 2011
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（1）Abstract: Japan suffered the burst of bubble economy in the nineteen nineties‚ which the economy went down sharply. Japan even had not got rid of influences of the bubble economy for after ten years. The formation of Japan’s bubble economy has the inseparable relationship with the appreciation of yen‚ liberalization of finance‚ and the excess of capital. Today China’s economy might repeat what Japan’s economy experienced‚ such as calls for the appreciation of RMB‚ inflation rate goes higher‚ and
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this caused an overwhelming tsunami that destroyed most of the nation. These events not only tore down Japan‚ but this natural disaster is going to greatly affect the rest of the world and the global economy. Before these events‚ the global economy was stable and now after these events the global economy is going to see a change for the worse. Some nations feel that they can self produce and are not going to be affected‚ but there are some nations that are dependent on the production of some products
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(p. 36) 1. Q: Define globalization. How does denationalization differ from internationalization? A: Globalization is the trend toward greater economic‚ cultural‚ political‚ and technological interdependence among national institutions and economies. It is a trend characterized by denationalization (in which national boundaries are becoming less relevant)‚ and is different from internationalization (which refers to cooperation between national actors). 2. Q: List each benefit a company might
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Chapter 4 Study Guide The Economic Environment 1) The recent global economic financial crises have led to proposals of more or less regulations? 2) Income‚ purchasing power‚ market size‚ and market type are all key elements of the political or the economic environment? 3) From the 1980s to the most recent global economic crisis‚ did countries turn away from the principles and practices of free markets or adopt the principles and practices of free markets? 4) There is no universal scheme to
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of employment opportunities increases the generation of income by the people .And when most of the people in the country are employed‚ it leads to the reduction of poverty. Secondly‚ they help to absorb productive resources at all levels of the economy and add to the flexible economic system in which small and large firms are interlinked. Such linkages are very crucial for the attraction of foreign investment. This is because the investing transnational corporations look for sound domestic suppliers
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THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
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income tax relief economy - management of resources factors of production - inputs to the production process entrepreneur - a person who organizes and operates a business capitalism - an economic system in which anyone can start their own business for their own profit. invisible hand - describes self-regulating behavior of the marketplace market economy - a free market economy not controlled by a central authority mixed economy - an economic system where the economy is directed by
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involvement in the economy‚ either through control or ownership of productive resources. Socialists believe that the government should provide basic necessities for all‚ as well it believes in competing political parties chosen to govern by majority rule‚ with minority rights guaranteed. The economic systems of nations in today’s world are not simply capitalist or socialist. Economic systems now have elements of both capitalism and socialism. They are mixed economies. Canada is a mixed economy because it
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socialist system which imposes firm constraints upon the Chinese social‚ political and economic system. It wasn’t until the 1980’s China’s following leader Deng Xiaoping who focused focused on developing China into a market operated economy and by the 21st century the economy has improved tremendously‚ improving the standard of living as well as giving freedom of speech‚ China has now adapted to a successful socialist market economy in which the government still has a large contribution in terms
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