Trade Policy, Firm Behavior, and Economic Development in Vietnam Case Study

Trade Policy, Firm Behavior, and Economic Development in Vietnam - Case Study Example The key determinant of Vietnam’s trade policy is the 1986 Doi Moi Renovation Policy, which sought to shift the country from the left to a middle position in terms of economic and governance policy system. Under Doi Moi, the government has two positions; the first is to transform the economy from a centrally planned one to a free market economy and the second is to promote export oriented industries (Auffret 2). The transformation of the nation’s economy was done by the devalution of the currency, breaking state-owned monopolies, privatization and the development of trade policy instruments like tariffs, quotas and licensing. The nation also has mechanisms that seek to support export oriented industries like manufacturing industies. The nation has pegged its currency, the Dong to world market prices and it is fixed by the forces of demand and supply. Due to this, prices of goods and services are standardized. This makes it propitious for the elements of the market economy to function effecitvely and efficiently. Vietnam has a trade policy that supports the establisment of private sector companies. This is done through an incentive structure that utilizes tax discrimination to support some private ventures particularly export-oriented manufacturers (Athukoralan). With strengthened structures within the country, Vietnam seeks to expand its influence into other nations around the globe through multilateral and bilateral trade arrangements with other countries. These policies are meant to create a conducive atmosphere for international trade and also create an unending trend of demand for Vietnamese goods around the globe. Vietnam is a member of ASEAN which gives it economic links with its neigbhbors and causes it to follow the collective actions of these nations to protect national interests. It is also a member of the World Trade Organization which in turn

Cross Cultural Management Assignment Example | Topics and Well Written Essays - 750 words

Cross Cultural Management - Assignment Example The Interactive Ochre –Newsflash not only increase but also promote cultural awareness of the people in the Aboriginal culture and issues as one of Australia’s indigenous cultures. Nevertheless, a lot of effort needs to be emphasized based on beliefs and culture, even though countries have come a long way to go. Considerably, it is necessary to look at the beliefs, values, ideas, and attitudes that the Aboriginal people indigenous cultures think about as members of society. In addition, to the material object of their cultures that finally shape up the normative patterns of Aboriginal people behavior more specifically the Anangu people. Uluru-Kata Tjuta National Park holds a traditional belief system of the Anangu people as it remains one of the most visited parks in Australia. Even though, Anangu is an Aboriginal community that resides next to and within Uluru-Kata Tjuta National Park, they hold closely to their cultural tie with the park as they pay extra attention to anything that happens within the park as they remain as custodians (Australian Government, 2006, p.11). As taught through the lyrics they respect the park as stipulated by their ancestors through the Tjukurpa as they seek not to be judged from the color of their skin but from knowing more from the beauty within their heritage in the park. More so, for the Anangu community some of the cultural elements as they work and interact with non-Aboriginal people is characterized and guided by their beliefs, values, ideas and attitudes that have a long history from their ancestors Tjukaritja. As a result, some sensitive cultural issues are evident that affect the existence of relationships between Aboriginal and non-Aboriginal people in present-day society. Through the culture of the Aboriginal community, an individual is able to identify the heritage and worldview of the Anangu people based on the conservation of the park. Most of the practices carried out by the Anangu people are influence d by their culture that they adopted from the ancestors. As the custodians of their ancestors who have lived in Uluru-Kata Tjuta National Park area for at least 22,000 years, they learn about aspects of their culture that they have never seen or heard. More significantly, individuals from the Anangu people follow the example of their elders, as they remain associated with various ceremonies attributed to various types of plants and food (Holden, 2011 p. 105). As a result, they exalt Tjukurpa who are the community founders. All plants are linked to ancestral beings that are used for several purposes including food, firewood, medicines, tobacco, and making ornaments (Thomas, 2008 p. 153). More importantly, the Anangu people ensure that wrong people including both the non- Aboriginal men and women do not get access to sacred sites. As a result, they give warnings through their newsflash lyrics that people should not walk in places where angels fear to tread signifying the upholding of beliefs (Australian Government, 2006, p.11).