The Economic Integration of Japan and Experience for Vietnam

Hoang Quoc Ca

doi:10.47191/ijsshr/v4-i12-09

Abstract

The article analyses the economic integration process of Japan since the second world war, especially the current period. The article also points out the basic achievements of Japan in integrating into the global economy. From the above research, the article proposes some lessons learned for Vietnam in the world economic integration. The most important lessons learned is that based on the circumstances of the country to choose the appropriate model. At the same time, Vietnam needs to take advantage of all favorable conditions to integrate and develop the country in the current period.

Highlights

In the decades after the war, Japan was known as one of the powerful leading countries in the economy in the world, it was a fact that the economy of the "Land of the rising sun" was still not internationalized completely
Since the mid-80s of the twentieth century, Japan was conducting the third opening in the direction of internationalization of the economy
There is a view that it is not necessary to quickly integrate into international economic organizations such as GATT/WTO, IMF, WB... but it takes time to increase the strength of the domestic economy

Summary

Introduction

In the decades after the war, Japan was known as one of the powerful leading countries in the economy in the world, it was a fact that the economy of the "Land of the rising sun" was still not internationalized completely. Another view is that it is vital to take advantage of international economic integration and market openness, aiming to access development opportunities quickly.

Results

Conclusion