Vietnam and U.S. Economic Relations Vietnam's economy stagnated for 10 years after the war ended in 1975. In 1986, the Sixth Party Congress approved a broad economic reform package called 'Doi Moi' or renovation that was geared to dramatically alter and improve Vietnam's business climate, both at home and abroad. Vietnam became one of the fastest-growing economies in the world, averaging around 8% annual GDP growth from 1990 to 1997." (Bureau of

However, in addition to being part of the Americanization process, this has also sparked hostility and anti-American sentiments as well, for some Canadians who believe Canadian culture is being lost to the United States. Demonstrations in front of American enterprises, boycotts of American iconic products like Coca-Cola, and even vandalizing McDonald's outlets have all been a part of this effort to not succumb to Americanization. Mechanisms Underlying America's Influence on

Shareholder Capitalism as a Model for Economic Development The idea that shareholder capitalism may serve as a powerful type of economic progression model has been made practical with the growth of credit along with a large marginal tax that delivers a security net for Americans, but additionally has its own limits. Shareholder capitalism, and also the American structure of corporate governance which can serve as its main-operating-system, continues to be held out

Transportation congestion for cars and ships is said to now be worse than China's problem. Corruption has slowed construction; the government stopped highway building across northern Vietnam in 2006 after uncovering a graft scandal that led to resignations and detentions at the Transport Ministry. Factories are challenged power shortages that cause frequent interruptions as much as twice a day. Even though Vietnam's trade is booming and it has formed many

Asian Resources and Economic Power Asia has always been a centre of attention in world's politics. A single decision made by one of the Asian countries has a tendency of altering the world's political and economic scenery. A change in Afghanistan changed the perception about world's security and enunciated an on-going war of peace. Similarly, China's growth has altered economic policies of many countries in the world. Hence, whatever takes place

Despite the high costs the Four Modernizations implied, China succeeded to enter "into the milieu of international bank loans, joint ventures, and whole panoply of once-abhorred capitalist economic practices." As it might be inferred from above, this task was not an easy one, and China's officials had first of all to convince the rather-conservative part of the population of the necessity of these reforms and of the continuity of the