About: Economy of the Indochinese DR   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

In the past the country used to cope with a low living standard and a small internal market, but in recent years it has combatted those problems with a high degree of success. A modernization of the agricultural production and policies aimed at an equitable distribution of produced wealth have increased the per capita GDP. Domestic savings have even been multiplied by five due to the reforms initiated in the early 2000s. Now that high growth rates of up to seven percent are attained the specter of inflation is haunting the Indochinese. Even though the regime refrained from monetary financing in the past only to avoid growth-eating inflation, liberalizing prizes where in the past there has been prize control set free the historically oppressed inflation. The 2004 reforms have released even

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  • Economy of the Indochinese DR
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  • In the past the country used to cope with a low living standard and a small internal market, but in recent years it has combatted those problems with a high degree of success. A modernization of the agricultural production and policies aimed at an equitable distribution of produced wealth have increased the per capita GDP. Domestic savings have even been multiplied by five due to the reforms initiated in the early 2000s. Now that high growth rates of up to seven percent are attained the specter of inflation is haunting the Indochinese. Even though the regime refrained from monetary financing in the past only to avoid growth-eating inflation, liberalizing prizes where in the past there has been prize control set free the historically oppressed inflation. The 2004 reforms have released even
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abstract
  • In the past the country used to cope with a low living standard and a small internal market, but in recent years it has combatted those problems with a high degree of success. A modernization of the agricultural production and policies aimed at an equitable distribution of produced wealth have increased the per capita GDP. Domestic savings have even been multiplied by five due to the reforms initiated in the early 2000s. Now that high growth rates of up to seven percent are attained the specter of inflation is haunting the Indochinese. Even though the regime refrained from monetary financing in the past only to avoid growth-eating inflation, liberalizing prizes where in the past there has been prize control set free the historically oppressed inflation. The 2004 reforms have released even more growth potential but nonetheless kept government control on food prices, traded off against an estimated 2 to 3 percent of the annual GDP growth rate. Another main problem with the Indochinese economy is the lack of ties with foreign markets. There are various trade barriers for agricultural production such as subsidized food production and tariffs and quota for import. The artificially low Indochinese Dong contributes to this competition advantages of the domestic production. The lack of ties with the world market caused friction with trading partners in the past and continuous to trouble the ties between the Indochinese DR and the world market. In spite of the Indochinese maintaining a protectionist policy it keeps opening up its internal market and remains to receive a considerable influx of foreign capital.
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