An examination of the macroeconomic effects on the Vietnamese economy of foreign currency being sent into Vietnam.
Written in 2007; 1,499 words; 4 sources; APA; $ 49.95
Paper Summary:
The paper examines the phenomenon of foreign currency being sent into Vietnam by Vietnamese individuals living and working in other countries. The paper analyzes the currency/foreign exchange and the production output in Vietnam and shows how the incoming foreign currency impacts almost all macroeconomic sectors, from inflation to interest rates and from consumption levels to the general trend of the economy and the GDP. The paper points out that the Vietnamese currency, however, was more or less unaffected by the practice of sending money into Vietnam.
From the Paper:
"A global economic business environment means, among other things, a certain liberalization in terms of the workforce availability in the world. In other words, a more permissive approach towards workforce migration meant that this enabled people to work in different locations other than their national ones. Quite often, the trend reflects a migration from the third world and less developed countries to developed ones, as these are the types of economies that require cheaper labor in an ever more competitive business environment."
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