vtnsx
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Here's one thing: China has built an industrial manufacturing base that's among the best in the world. Their proficiency in designing and manufacturing increasingly complex electronics for western technology companies (and now their own technology companies) has allowed the country to maintain some level of parity with the west during the computer age. Why did this happen for China but not for Vietnam?
Kissinger? After the Vietnam War China and the US were trading with each other again within ten years. US consumer electronics companies (soon to be followed by the Japanese) have been outsourcing to China for over 30 years.
Why did Kissinger make it a point to keep relations open with China? To keep Russia honest during the Cold War.'
So you could say that Russia is one reason why China has maintained technological and industrial parity with the west while Vietnam has remained an ostracized, rural pariah.
There are all sorts of reasons that one country does better economically than the other, but there are two most important factors: first, it economical potential of its political and economical system, second when the country adopts a better system. China reformed in late 70's, and Vietnam only in late 90's. So I guess that answered the most part of the question.
Actually Vietnam did an OK job after it opened in 90's. You can see it from the growth rate graph above, in most of the time, it's actually above average in southeast asian countries. That means, even these countries started at different levels, they all improves as time being, and Vietnam improves quicker than its neighbours, and far better than the world average.
But at the other hand, you can also see China's insane grow rate above all other countries, so I guess the real question is not between China and Vietnam, but between China and the rest of the world: What made China so special?
I am not good at economics, here's only my guesses:
1. The economical system China adopted is effective.
2. After 1989, the communist party had a strong grip on the society, almost the entire country abandoned the idealogical struggles, and started to focus only on economical development.
3. China's size made it important in world economy, so when the country built a sizeable market and with a strong work force, it also built up it's growth momentum when it interacted with the rest of the world.
4. The semi-authoritarian government can relocate the resources much easier than western countries. In the beginning phase of modernisation, it has greater advantage. When most part of China was still in poverty, some special areas started economical experiments which later proved effective and adapted by the whole country.
And it's still true, when some cities' GDP almost reach to the leagues of the developed countries, a large part of China is still poor.
Now China is strong enough to defend herself from the Soviet. However, China is now a threat to the US. The next benefactor will be Vietnam. Please give China an applause and thank them for this new chapter. Without China, Vietnam will continue to remain poor, corrupted and ignorant forever. No offence.
Kissinger? After the Vietnam War China and the US were trading with each other again within ten years. US consumer electronics companies (soon to be followed by the Japanese) have been outsourcing to China for over 30 years.
Why did Kissinger make it a point to keep relations open with China? To keep Russia honest during the Cold War.'
So you could say that Russia is one reason why China has maintained technological and industrial parity with the west while Vietnam has remained an ostracized, rural pariah.
There are all sorts of reasons that one country does better economically than the other, but there are two most important factors: first, it economical potential of its political and economical system, second when the country adopts a better system. China reformed in late 70's, and Vietnam only in late 90's. So I guess that answered the most part of the question.
Actually Vietnam did an OK job after it opened in 90's. You can see it from the growth rate graph above, in most of the time, it's actually above average in southeast asian countries. That means, even these countries started at different levels, they all improves as time being, and Vietnam improves quicker than its neighbours, and far better than the world average.
But at the other hand, you can also see China's insane grow rate above all other countries, so I guess the real question is not between China and Vietnam, but between China and the rest of the world: What made China so special?
I am not good at economics, here's only my guesses:
1. The economical system China adopted is effective.
2. After 1989, the communist party had a strong grip on the society, almost the entire country abandoned the idealogical struggles, and started to focus only on economical development.
3. China's size made it important in world economy, so when the country built a sizeable market and with a strong work force, it also built up it's growth momentum when it interacted with the rest of the world.
4. The semi-authoritarian government can relocate the resources much easier than western countries. In the beginning phase of modernisation, it has greater advantage. When most part of China was still in poverty, some special areas started economical experiments which later proved effective and adapted by the whole country.
And it's still true, when some cities' GDP almost reach to the leagues of the developed countries, a large part of China is still poor.
Now China is strong enough to defend herself from the Soviet. However, China is now a threat to the US. The next benefactor will be Vietnam. Please give China an applause and thank them for this new chapter. Without China, Vietnam will continue to remain poor, corrupted and ignorant forever. No offence.
