How Vietnam Became An Economic Miracle?
Vietnam’s GDP per capita increased from $95 to over $2,700 since 1990, despite its population growing by a quarter.
Even after accounting for inflation and local purchasing power, Vietnam experienced a four fold increase.
Over this same period, the poverty rate has dropped from 60% to less than 5, with the nation becoming a leading exporter. Samsung alone accounts for over a quarter of Vietnamese exports.
As a result, Vietnam’s economy has become the poster child for economic development. Making massive gains on almost every indicator.
Though how did this previously war torn economy turn it all around in the space of thirty years, being the only major Southeast Asian economy to avoid a recession in 2020?
To answer this, we need to take a look at what happened to Vietnam’s economy after the Vietnam war.
#Vietnam #Vietnameconomy #Hanoi
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📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
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Видео How Vietnam Became An Economic Miracle? канала Economics AltSimplified
Even after accounting for inflation and local purchasing power, Vietnam experienced a four fold increase.
Over this same period, the poverty rate has dropped from 60% to less than 5, with the nation becoming a leading exporter. Samsung alone accounts for over a quarter of Vietnamese exports.
As a result, Vietnam’s economy has become the poster child for economic development. Making massive gains on almost every indicator.
Though how did this previously war torn economy turn it all around in the space of thirty years, being the only major Southeast Asian economy to avoid a recession in 2020?
To answer this, we need to take a look at what happened to Vietnam’s economy after the Vietnam war.
#Vietnam #Vietnameconomy #Hanoi
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Enjoyed the video?
Subscribe here: https://www.youtube.com/channel/UCLiRGHCMGB14Pw0yEqLM2fQ?sub_confirmation=1
Follow AltSimplified on Social media:
Facebook: https://www.facebook.com/Altsimplified/
Twitter: https://twitter.com/altsimplified
Quora: https://www.quora.com/q/economicsaltsimplified
Discord: https://discord.io/altsimplified
Other Discord Link: https://discord.gg/gTzEznrmeY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
📕Recommended Reading:
Many have asked what we'd recommend to start reading, so check out the links below. They are affiliate links, but come at no extra cost to the viewer, you'd just be supporting the Channel if you used them.
📘"How Asia Works: Success and Failure": https://geni.us/HowAsiaWorks
📘"The Ascent of Money: A financial History of the world": https://geni.us/TheAscentOfMoney
📘"Debt: The First 5000 years": https://geni.us/DebtTheFirst500Years
🎙The mic we use to record: https://geni.us/MicWeUse
Видео How Vietnam Became An Economic Miracle? канала Economics AltSimplified
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5 декабря 2020 г. 17:13:59
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