In the context of core-peripheral framework, discuss that country's experience from the colonial period to present by examining two influences of the Washington Consensus

Résumé du document

The core-peripheral framework states that countries located in the periphery are dominated by North America, Western Europe and Japan. However, during the period of colonization, Europe was the core region whereas most other parts of world were the periphery regions. The case of Vietnam is interesting given the current history of the country and its past. Vietnam used to be a colony of France (part of the French Indochina) until the Vietnamese opted to be independent through hard fought battles.

Extraits

[...] In the context of core-peripheral framework, discuss that country's experience from the colonial period to present by examining two influences of the Washington Consensus The core-peripheral framework states that countries located in the periphery are dominated by those said to belong to the core, namely North America, Western Europe and Japan. However, at the time of colonization, Europe was the core and more or less the rest of the world was the periphery although there was already a ranking within the periphery; certain parts of the world being more dominated and dependent than others. [...]

[...] (2005) Freedom on the March: An American Voyage to Explore Globalisation. Sarvodaya Vishva Lekha publication. Pg Mendis, P. (2005) Freedom on the March: An American Voyage to Explore Globalisation. Sarvodaya Vishva Lekha publication. Pg. 97. [...]

[...] Vietnam belongs to the most recent wave of Asian fast growing economies and as the economy is just starting to take off wages are much lower than those in South Korea, Taiwan or even Thailand and provided a powerful incentive to settle in Vietnam. More than the official position of the government on free trade, Nike's story is a better proof that Vietnam switched to an export-led strategy. The graph below shows how Vietnam manages to attract Foreign Direct Investment from the late 80's following its non assumed conversion to free trade (Sources: Vietnam national tourism agency) Unknown (2006). Washington Consensus. Retrieved April from Wikipedia Website: http://en.wikipedia.org/wiki/Washington_Consensus Mendis, P. [...]