1. Chinese Economy (Late 1970's to Present)
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. ... Both countries began their economic development from their agriculture sector, and in both cases, their attempts to build a Soviet-style economy failed, during their pre-reform period (Vu, 2009) Today both countries are major players in the global economy, where Vietnam is the world's leading exporter of pepper, seafood, rice, coffee (Backman, 2007) and China is the second largest economy in the world after U.S. ... F...
- Word Count: 2154
- Approx Pages: 9
- Grade Level: Undergraduate