GOLDILOCKS
"The U.S. is in a dilemma about whether to upgrade the non-market economy status of Vietnam to that of a market economy."
The U.S. Department of Commerce has until late July to complete this review and decision.
A market economy would bring with it significant trade relationship opportunities.
Vietnam would become a country where supply and demand would determine prices on their goods and services.
A shift in a monetary policy such as this would bring more power back to the people and less to the government.
It would move from government intervention powers for the stabilization of their currency to incentives toward supply and demand determined by the people and the industries they promote.
A move like this tends to put price pressures on a country's currency. One of the hallmarks of a market economy would be a stronger Vietnamese Dong.
This would make imports cheaper for them and exports more expensive for other countries determining new exchange rates for all parties involved in trade. Vietnam Briefing HickmanMills
WATCH THE WATER.
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