This paper discusses the emerging markets in global business. This paper focuses on developing business in Vietnam.
# 45254 | 1,400 words | 4 sources | MLA | 2003 |
Published on Oct 01, 2003 in Business (International) , Economics (International) , Business (Management) , Asian Studies (General)
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The globalization of production refers to the tendency among firms to source goods from countries around the world to take advantage of national differences in the cost and quality of factors of production. Many companies are choosing to expand business globally. Before companies choose a region for expansion, adequate research needs to be conducted in order to determine the risk involved. This paper discusses the emergence of Vietnam as a market, analyzes the role of regional integration, compares and contrasts the economic development stages of countries within this region, and examines the effect of its economic development for global business. The major drivers of globalization in this region are also explained.
From the Paper:"Vietnam is located in Southeast Asia. It borders the Gulf of Thailand, Gulf of Tonkin, and South China Sea, alongside China, Laos, and Cambodia (cia.gov). Its population is just over 81 million, with natural resources of phosphates, coal, manganese, bauxite, chromate, offshore oil and gas deposits, forests, and hydropower (cia.gov). Vietnam has been slowly recovering economically. After the Vietnam War, the country was left in devastation. Vietnam's government is based on communist legal theory and French civil law system."
Cite this Essay:
Emerging Markets (2003, October 01) Retrieved January 27, 2023, from https://www.academon.com/essay/emerging-markets-45254/
"Emerging Markets" 01 October 2003. Web. 27 January. 2023. <https://www.academon.com/essay/emerging-markets-45254/>