2. THE IMPACT OF GLOBALISATION
2.1 MANUFACTURING AND INDUSTRY
According to economists, manufacturing is a wealth-producing sector of the political thrift of nation. Manufacturing is a relationship with fabrication as a measure to measure the level of industry in a nation. It is applied to industrial production in which raw materials are transformed into goods in large scale.
Under the collisions of globalisation in recent years, the consequence of worldwide production markets and broader access to a range of impertinent products for consumers and companies has occured. Particularly movement of material and goods between and within subject area boundaries. International trade in manufactured goods increased much than 100 times (from $95 billion to $12 trillion) in the 50 years since 1995.Chinas trade with Africa rose sevenfold during 2000-2007.
In Vietnam, much of the industrial sector in the north was gravely damaged by US bombing raids during the war. In the south, the individual(a) sector was permitted to continue in operation after 1975, however all industry and commerce above the family level was nationalized in March 1978. The results were disastrous, the regime permitted the existence of a small mysterious sector, mainly in the area of consumer goods and other light industry over a long time.
However, in 1980s the economics of Vietnam had many great results. The results said that Vietnam is not outside the impact of globalisation. There are three important landmarks of Vietnam:
* In 1986, the U.S aloof of the economic embargo policy in Viet Nam. Vietnams economy entered a new era, moving from the subsidy mechanism to a market economy. Viet Nam began to open integration with the world;
* In July 28th, 1995, Viet Nam coupled the ASEAN Association. This is the first big international economic organization that Viet Nam has participated with. Viet Nams economy has boomed. Many foreign investors came to Viet Nam and looked for the investment opportunities. Vietnamese enterprises now...If you lack to get a full essay, order it on our website: Orderessay
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