We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Economic Performance of Vietnam Essay Sample

essay
  • Pages: 2
  • Word count: 490
  • Rewriting Possibility: 99% (excellent)
  • Category: vietnam

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

Question: to what extent does the Sachs and Gallup analysis (1998) explain the economic performance of Vietnam?

According to the Sachs and Gallup survey (1998), the economic performance is heavily affected by three factors. The three mentioned factors are location in the northern hemisphere, a temperate climate and access to a seaport. In this essay, I will examine the economic performance of Vietnam in which related to Sachs and Gallup theory, then analyze the other possible contributory factors. Finally, I’ll sum up the ideas of this essay.

First of all, to define the economic performance of Vietnam, I will use GDP or gross domestic product as a basic to evaluate its effectiveness. According to a research of World Bank (2012), Vietnam was ranked 42nd over 178 countries with GDP (PPP) of $320.879 billion. Meanwhile, according to IMF (2012), Vietnam was ranked 51st over 178 with nominal GDP of $141.463 billion. These statistics already show a briefly look about the economic performance of Vietnam, in which can tell that, Vietnam still has a long

way to achieve its ambition of becoming a strongly developed country. However, its accomplishment is

Sorry, but full essay samples are available only for registered users

Choose a Membership Plan
remarkable.

Back to the Sachs and Gallup theory, Vietnam meets two over three criteria for economic success given by the research. Firstly, Vietnam is located in the northern hemisphere. Secondly, with a long coastline of 3,260 km with many important seaports in the SEA area, it is undoubtedly fits to Sachs and Gallup survey. However, because of the location near the Equator, Vietnam has tropical climate with temperature ranges from 5 to 37oC and annual rainfall is substantial in all regions and torrential in some, ranging from 1,200 to 3,000 millimeter per year. For this criteria, Vietnam does not meet the final pattern of the survey.

Nevertheless, there are other possible contributory factors that affect Vietnam economic performance. On the one hand, Vietnam has many valuable natural resources such as coal, offshore oil, bauxite, gold etc. Another advantage to mention is that, with over 90 million people in population and the labour force is approximate 50 million people, Vietnam has a huge labour market to contribute to the economic.

On the other hand, lacking of infrastructure and being suffered from natural hazards such as occasional typhoons with extensive flooding are some main obstacles to the advance of Vietnam economic performance. Last but not least, although having a huge labour market, majority of Vietnamese workers are still being considered as low quality. This problem has became a burden to the economic performance so far.

In conclusion, according to Sachs and Gallup survey (1998), Vietnam fits two over three of the criteria in the research. However, there are many other factors that can be considered to affect the economic performance of Vietnam such as natural resources, labour market, labour skills and level of infrastructure.

We can write a custom essay on

Economic Performance of Vietnam Essay Sample ...
According to Your Specific Requirements.

Order an essay

You May Also Find These Documents Helpful

How Far Was the Tet Offensive a...

In January 1968 during the Vietnamese festivities of the Tet, the communist forces launched a series of attacks on key cities and towns throughout South Vietnam. It has been argued that this is the turning point in the war however, this point of view may have been overplayed and other factors should be taken into account to explain the changes in the war after this date if there were any. The Tet offensive had a psychological effect on popular public opinion in America and made people realise that the war was not being easily won. This was particularly highlighted by the televising of the Vietcong attack on the American embassy in Saigon. This symbolised the potential vulnerability of America's position in Vietnam. As a consequence President Johnson's approval rating plummeted as Americans lost faith in Johnson's ability to win the war. This change in public opinion was to have a...

The Vietnam War

* Total U.S. bomb tonnage dropped during: World War II = 2 057 244 tons Vietnam War = 7 078 032 tons (3.44 times as much as WWII) * Bomb tonnage dropped during the Vietnam War amounted to 1 000 lbs. for every man, woman and child in Vietnam. * An estimated 70 000 draft evaders and "dodgers" were living in Canada by 1972. * A Cornell University study placed the over-all total U.S. cost of the Vietnam war at $200 Billion * 30 April 1969 - Peak US troop strength 543 000 * Approximately 12,000 helicopters saw action in Vietnam * 9,087,000 military personnel served on active duty during the Vietnam era (August 5, 1964 - May 7, 1975). * 8,744,000 GIs were on active duty during the war (August 5, 1964 - March 28, 1973). * Married men killed: 17,539. * 61% of the men killed were 21...

How did the Vietnam War Have an...

The Vietnam War was the most gruelling and unpopular war in America history. It resulted in nearly 60 000 American deaths and an estimated 2 million Vietnamese deaths.1 The war started in 1956 after Vietnam had gained its independence from France. Vietnam was temporarily divided between the north and the south. The south was anti-communist, and thus supported by the United States (US) and the North was a communist state, supported by The Union of Soviet Socialist Republics (USSR). In 1956, South Vietnam had denied to hold the unification elections. By 1958, the Viet Cong in the north had begun to attack the South Vietnamese Government. By 1966, America had employed 190,000 US troops in Vietnam. The indirect cost of the war had been 140 billion dollars while the estimated indirect costs of this war have been 900 billion dollars.The reason Canada did not go to war in Vietnam was...

Popular Essays

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?