Opening of the Vietnamese Economy: Achievements and Challenges

Walsh, John; Schrage, Burkhard N.; Nguyen, Trung Quang

doi:10.1007/978-981-16-0151-4_2

The Political Economy of Vietnam’s Industrial Transformation

2021

DOI: 10.1007/978-981-16-0151-4_2

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Opening of the Vietnamese Economy: Achievements and Challenges

John Walsh

Burkhard N. Schrage²,

Trung Quang Nguyen³

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2023

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“…Industry 4.0 has empowered business owners to control better and understand every aspect of companies. Science and technology enable data to leverage to increase productivity, improve processes, drive growth in the quality of life and raise income levels for workers, the country, and the wider humanity (Walsh et al, 2021).…”

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Technology revolution 4.0 is a social-economic development solution for developing countries

Pham¹

2023

Rev. Invest. Univ. Quindío

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Facing the inevitable development trend of the economy and the challenges posed by the requirements of building a digital economy, developing countries need to develop the country's socio-economic development. The technology revolution has pushed countries’ economies to grow in the direction of linking global economies. As a result, developing countries face many challenges in maintaining strong macroeconomics, controlling external debt and inflation, and investing effectively in infrastructure and technology capabilities that will contribute to productivity growth. The article uses analysis, comparison, and synthesis methods to clarify the role of the technological revolution on the economies of developed countries in controlling the macroeconomic environment and allocating resources. The article also describes the reality of the application of 4.0 technology in Vietnam to clarify other countries' transition from low-income to high-income status through technology application.

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Technology revolution 4.0 is a social-economic development solution for developing countries

Pham¹

2023

Rev. Invest. Univ. Quindío

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Opening of the Vietnamese Economy: Achievements and Challenges

Cited by 1 publication

References 23 publications

Technology revolution 4.0 is a social-economic development solution for developing countries

Technology revolution 4.0 is a social-economic development solution for developing countries

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