Title: Economic Impact - The Impact Of The Vietnam War
Headings: The Economic Impact.
The Economic Impact.
Content: Despite the success of many Kennedy and Johnson economic policies, the Vietnam War was an important factor in bringing down the American economy from the growth and affluence of the early 1960s to the economic crises of the 1970s. http://www.historycentral.com/sixty/Economics/Vietnam.html
Vietnam Economy
Before the US-Vietnam war (1959-1975), Vietnam had a highly centralized economy based on Marxist economic planning. After the war, Vietnam adopted a broad economic trend called 'Doi Moi' (Renovation) to recover from the ravages of the war, the loss of financial support from the Old Soviet Bloc. Later in 1986, the Communist regime changed its economic policy and moved towards the reform of the private sector similar to that seen in China. Since then Vietnam economy has improved, visible in its GDP growth that grew at the rate of 8 % annually from 1990 to 1997.The trend continued from 2000-2002 at a rate of 7 percent. All this led to changes in the Vietnam economy and made it the world's fastest growing economy. It also resulted in between one and two million Vietnamese deaths. http://www.asiarooms.com/en/travel-guide/vietnam/vietnam-overview/vietnam-politics-and-economy.html