Edmund Malesky On Roots of Vietnam's Economic Decline
Analysis: Vietnam needs to cool it
10/19/2011
Geoffrey Cain,
The Global Post
Four years ago, the future looked bright for Vietnam.
Investors and economists proclaimed that this emerging market of 86 million people would grow into an “Asian tiger,” the next country to reach middle-income status by attracting foreign investment.
Firms that once sought Chinese labor were diversifying into Hanoi and Ho Chi Minh City, eyeing the young and cheap workforce.
And multinational companies such as Intel and Samsung led the betting when they built plants in the country worth $1 billion and $670 million, respectively.
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Edmund Malesky can comment on political development in Vietnam and China, as well as comparative political economy in Southeast Asia. He also can provide insight into the choices underlying the decisions of foreign investors and thereby the globalization debate, especially in regard to the discussion of "sweatshops" in developing countries.
