In recent years, globalization has emerged as one of the most widely debated issues among Vietnamese politicians and academics. Globalization is seen as facilitating increasing flows of capital, goods, services and ideas among East Asian countries, thus contributing to their high economic growth in the past decades. As Vietnam is located in this dynamic region and is in the process of renovation, it is clear that Vietnam would enjoy considerable benefits should it further integrate itself into the regional economy and profit from the positive aspects of globalization. However, Vietnam is aware that globalization also involves negative impacts as the recent Asian financial and economic crisis has clearly shown. Uncontrolled globalization may lead to social chaos, the decline of government control and the eventual decline of states’ abilities to deal effectively with their security problems.
Last updated on 01/07/2014