Major challenges for developing economies: lessons for Vietnam

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This policy paper discusses the impact of the current global financial crisis on developing countries and points to some of their most important economic challenges in 2009. We begin with the inflation-growth dilemma, then evaluate the potential of US crisis transmission to developing countries and finally address some possible policy answers. Despite the fact that the Vietnamese economy is highly dependent on finished product exports, our analysis calls for further reforms in economic structure to avoid crisis effects rather than the devaluation of the national currency. [Article in Vietnamese]. 

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Roles of emerging economies in the world economic map

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This policy paper shows that emerging markets countries will play a crucial role in the world economy within a horizon of from 25 to 30 years given their high economic growth rate and strong financial indicators. The said position can be, however, confirmed only if these countries are able to insure a stable macroeconomic fundamentals regarding essentially political stability and monetary policies and develop a flexible market-oriented economy with low dependence on financial flows from developed countries. We also discuss some current challenges faced by emerging economies. [Article in Vietnamese]. 
   

CPI changes: causes and consequences on Vietnamese economy

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This short policy paper aims at explaining the changes of CPI and their induced impacts on the Vietnamese economy. Some policy implications are suggested to effectively control the rising inflation rates. [Published online at The World and Vietnam Report, May 2008, in Vietnamese]. 

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