Abstract

In the 1990s of 20th Century the socialist system in Eastern Europe had collapsed, a huge market with both opportunities and challenges opend to all countries in the world. The 21st century world economy increasingly integrated, cooperation and dialogue forums, such as springing grew up. Not only small countries wish to join the Forum, for protection, gathered together in order to avoid danger and the pressure of big countries. Big countries also actively involved in forums for national interests. In this case, how to solve the problem of poverty in poor countries, or even catch up with rich countries to accelerate economic development, is the Official Development Assistance (ODA) a god medicine to poor countries, such as the modernist interpretation of that. Or become an aid-dependent poor countries, more and more, such as dependency theory says. On the basis of this paper to discuss the situation in Vietnam, a country is considered to be successfully in used Official Development Assistance on how Official Development Assistance affected economic development. This paper investigates the Foreign Aid on economic growth in Vietnam's role, through the analysis of aid for economic infrastructure and major industry results, to clarify the Vietnam's economic growth and foreign aid if there are any close relationship, including the relationship between Foreign Aid and GDP growth, Foreign Aid and Foreign Direct Investment and Foreign Aid and national savings. Study is divided into three stages, starting with the Vietnam War period since the country split into North and South Vietnam, South Vietnam dependent on the capitalist camp's aid assistance and North Vietnam to the socialist camp. The second is the period after Vietnam's unification, from 1975 to 1990, the relationship between Vietnam and China deteriorated. Vietnam offensive in Cambodia, because of the embargo by the international community Vietnam completely dependent on assistance from the Soviet Union. The third is from 1990 to the present reform policies in Vietnam and restore relations with International Aid Agencies, sources of assistance become diversified, including bilateral assistance and multilateral assistance.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call