Mongolian economic development strategy
The history of any country has experienced growth, progress, crisis, and decline throughout the period of advancement toward its present level of development.Mongolia has passed through periods of unification, division, disintegration,colonial despotism, and a state-regulated market economy. It is natural that any transition is followed by crisis. The Mongolian crisis discussed here was due to the transition from a centralized economy to a free market economy. Some political and other factors contributed to this process, such as its reliance on traditional animal husbandry, newly introduced crop production, and new forms of construction, transportation, and communication. Heavy dependence on the former USSR and Eastern European countries have also contributed to Mongolia’s inability to be a self-sufficient country.
Vietnam’s economy: Achievements and perspective
Abstract: In last several years, Vietnam’s economy has reached significant achievements.Those are clearly seen by analyzing economic growth, economic structure transformation,trade and investment and Vietnam’s economy competitiveness. However, in the process of development, Vietnam’s economy is still facing many difficulties and challenges. Vietnam is accelerating speed of innovation process, is active and quicker in international economic integration in order to complete the economic – social objectives in the period of 2001–2005 with annual average economic growth rate of 7.5%.