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- W2184364134 abstract "In parallel with the domestic reforms, Vietnam has begun opening up to regional and global economic forces that can be potent catalysts for growth and poverty alleviation. Vietnam’s initiative to enter the WTO has far reaching implications for its domestic economy, as well as for its place in regional and global trade. If the current offers by Vietnam are successfully negotiated in Geneva and implemented by the government, there will very substantial alignment between international and domestic prices. If WTO standards for market openness and institutional transparency are also implemented, both domestic and international economic interests can be expected to dramatically increase their commitment to accelerated and sustained economic growth in the country. In a regional context, Vietnam’s membership in ASEAN implicates in into AFTA and other regional initiatives to promote integration and growth. Vietnam’s past isolation belies geographic features that can make it a dynamic regional growth pole, including centrality in ASEAN and very extensive potential for maritime transport access. To elucidate these issues, we use a new calibrated general equilibrium (CGE) model to project changing patterns of domestic supply, demand, and trade effects arising from external policy changes. Generally speaking, our evidence indicates that trade liberalization is beneficial to Vietnam. However, and not surprisingly, we find that compositional adjustments in the economy are much more complex and often more dramatic than aggregate ones. For" @default.
- W2184364134 created "2016-06-24" @default.
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- W2184364134 date "2005-01-01" @default.
- W2184364134 modified "2023-09-26" @default.
- W2184364134 title "External Liberalization, Poverty, and Inequality in Vietnam: The Role of Price Dispersion" @default.
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