The following is an excerpt from a resolution of the Sixth National Congress of the Communist Party of Vietnam in December 1986:
'We must adjust the economic structure, focusing on three major programs: agriculture and food, consumer goods production, and exports. We must broaden economic cooperation with foreign countries, utilize diverse forms of investment, and encourage all economic sectors—state-owned, collective, and private—to actively participate in the development of the nation's commodity economy, while shifting from centralized bureaucratic management to a state-managed market mechanism.'
The economic policies described in the excerpt most directly reflect which of the following global developments in the late twentieth century?
- AThe expansion of direct European colonial administration over Southeast Asian economies.
- The transition of socialist nations toward market-oriented economic models and integration into global trade networks.Cevap
- CThe implementation of orthodox Marxist central planning to achieve total economic isolation.
- DThe re-establishment of mercantilist policies by Western nations to monopolize regional trade.
Cevap
The transition of socialist nations toward market-oriented economic models and integration into global trade networks.
The correct answer is correct because the resolution illustrates Vietnam's 1986 Doi Moi reforms, which marked a transition away from strict Soviet-style central planning toward a market-based economic model that embraced private enterprise, foreign investment, and exports. This mirrors the broader late twentieth-century global shift where communist or state-dominated economies (like China and the Eastern Bloc) liberalized their economic policies to integrate into the global trade network.
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Economics in the Global Age