The more advanced is the country; the more it is profited by globalization. This is a true philosophical concept. However the less advanced ones must also embrace it unavoidably because only by that way it can achieve improvement and progress in very short time. One can’t be left in Stone Age....

We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...

Since 1986 and especially during the early 90s, environmental protection has become a constitutional principle in Vietnam as regulated by Articles 17 and 29 of the 1992 Constitution. The first Law on Environmental Protection, passed by the National Assembly on December 27, 1993 created a...

Balance of Payments (BoP), being a record of the monetary transactions over a period with the rest of the world, reflects all payments and liabilities to foreigners and all payments and obligations received from foreigners. In this sense, the balance of payments is one of the major indicators of...

To increase the opportunities for poor ethnic minorities to benefit from economic growth the government of Vietnam implemented one of the biggest poverty reduction programs entitled ‘Socio-economic Development for the Communes Facing Greatest Hardships in the Ethnic Minority and Mountainous...

This study examines the profile and determinants of poverty in the two largest cities in Vietnam – Hanoi and Ho Chi Minh. Data used in this study are from the 2009 Urban Poverty Survey. Using the poverty line of 12,000 thousand VND/year, the poverty incidence is estimated at 17.4 percent for...

This paper will attempt to provide a comprehensive answer to the complex issue of development in sub-Saharan Africa by identifying an FDI reliance-rejection paradox emanating from the incompatibility between colonial legacies and Structural Adjustment Programmes. Since the 1980s, international...

This paper investigates the growth effects of financial integration and financial deepening in selected SSA economies, using a panel dataset of 10 SSA countries from 1970-2012. We use ratio of net FDI inflow to GDP (proxy for financial integration), ratio of gross capital formation to GDP (proxy...

The Third Thai-Lao Friendship over the Mekong officially opened on 11th November 2011 facilitates the cross-border trade along Asian Highway 15 and Asian Highway 131 between Northeast Thailand, Central Lao PDR and North Central Vietnam. Since the establishment of East-West Economic Corridor...

Abstract Balance of Payments (BoP), being a record of the monetary transactions over a period with the rest of the world, reflects all payments and liabilities to foreigners and all payments and obligations received from foreigners. In this sense, the balance of payments is one of the major...