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0 sats \ 2 replies \ @7e6e393a56 21 Jan \ on: The Rise of Vietnam econ
A country that industrializes and does not depend solely on commodities will be successful. Now we will have to know what Vietnamese diplomacy will be like due to its inclusion in BRICS, given that the US is one of its main export partners.
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20 sats \ 1 reply \ @zuspotirko OP 23h
A country that industrializes and does not depend solely on commodities will be successful.
There are plenty other ways to fail. e.g. middle income trap. Not saying that it will hapen, just that it can.
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5 sats \ 0 replies \ @7e6e393a56 22h
Without a doubt, there is always this risk, and one of the ways for this to happen (not the only one) is to reduce the volume of exports. That's why I mentioned the possible unfavorable implications of joining the BRICS. But I believe that due to its location, it was a more than natural choice to be included in this political/economic bloc.
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