1. Chinese Economy (Late 1970's to Present)
Both China and Vietnam have achieved remarkable economic growth since their economic reforms. ... Vietnam has gone through a similar transformation over the past 20 years and shifted its economy from a centrally planned economy to a Socialist-oriented market economy. ... In Vietnam, economic reforms started in 1986 and they resembled very much Gorbachev-type marginal reforms in the same period. ... In both Vietnam and China the economic reforms were initiated under certain circumstances that provided three critical factors for change: receptivity, crisis and opportunity (Vu, 2009). ... In Chin...
- Word Count: 2154
- Approx Pages: 9
- Grade Level: Undergraduate