Since 2014
From the current global economic crisis - thinking of a development model in Vietnam
VNU Journal of Science: Economics and Business
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| Title |
From the current global economic crisis - thinking of a development model in Vietnam
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| Creator |
Dzung, Pham Van
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| Description |
Abstract. The current global economic crisis once again proves Karl Marx’s theoretical point. The basic contradiction of capitalism - between the highly socialized productive force and capitalist relation of production - has blowed up globally, causing severe economic, politic, and social consequences. The intervention of states has softened this critical contradiction and restricted its damage remarkably. In the near future, a global centre for economic regulation will appear. However, the capability and power of states are limited. The inherent contradiction of capitalism still exists and a similar crisis is inevitable in the future. Building a country with “wealthy people, prosperious country, democracy, justice, cilvilization” is a goal that Vietnam has targeted. They are also the common values of the humankind. To achieve this goal, Vietnam should learn lessons from other countries. Development of a market economy is indispensable for Vietnam. However, it is necessary to aware of advantages and disadvantages that exist in a market economy, including crisis risks. The current global economic crisis has awoken every country. In fact, it could be confirmed that Vietnam has a correct choice when choosing development model as “Socialist-oriented market economy”. In essence, socialist orientation in market economic development of Vietnam is to develop a market economy followed the shortened and sustainable development model. Thanks to this model, the impacts of global economic crisis on Vietnam are less dramatic than several countries; macroeconomic situation is relatively stable, economic growth is positive; hunger elimination and poverty reduction gains achievements and so on. Those achievements prove that Vietnamese Communist Party has successfully applied Marxist economic theory in the new situation of Vietnam.
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| Publisher |
Vietnam National University, Hanoi
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| Date |
2011-06-15
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
https://js.vnu.edu.vn/EAB/article/view/814
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| Source |
VNU Journal of Science: Economics and Business; Vol 27 No 2
Chuyên san Kinh tế và Kinh doanh; Vol 27 No 2 2588-1108 2615-9287 |
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| Language |
eng
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| Relation |
https://js.vnu.edu.vn/EAB/article/view/814/784
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| Rights |
Copyright (c) 2011 VNU Journal of Science: Economics and Bussiness
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