Southeast Asia Flashcards
What does the Vietnamese economy currently rely on most?
Heavy exports (FDI), electronics, international supply chains
What makes Vietnamese economy most vulnerable? (3)
Over reliance on FDI/exporting (money doesn’t stay in Vietnam).
When labor costs go up, FDI will move to Cambodia, Myanmar, and Bangladesh. Birth rates peaked because reaching a modest GDP per capita
Where does Vietnamese economic potential lie? (3)
Focus on a domestic startup ecosystem
the strategic coastline
knowledge-based workforce
Khmer Rouge
kuh MARE rouge: members of the brutal communist regime that ruled Cambodia from 1975-1979
State Department human rights violations in Vietnam
killing, torture, arrest, censorship
When did France begin to interfere with Vietnam?
1858-1887 France began conquering Vietnam as part of French Indochina
What happened when Vietnam defeated French forces?
1954: Vietnam defeated French forces after WWII, then was divided into northern and southern halves (Geneva Accords of 1954)
Second Indochina War
(1955-1975): fighting erupts, North supporting communist rebels in the South. US provided to the South significant economic and military assistance, including large numbers of US military forces, then withdraws
What happened when North Vietnam conquered South Vietnam?
1975 Communist North Vietnam conquers anti-communist South and economy stagnates. The country experienced little economic growth for over a decade because of its diplomatic isolation, leadership policies, and the persecution and mass exodus of citizens, many of them successful South Vietnamese merchants.
What was doi moi?
1986 introduces more market-based economy (“doi moi” (renovation) policy) = strong growth, particularly in agricultural and industrial production, construction, exports, foreign investment, and tourism
Gulf of Thailand
inlet ringed by southern Thailand, Cambodia, and Vietnam
Gulf of Tonkin
contested gulf ringed by Vietnam on the south and China (Hainan) in the north
South China Sea
bordered by China, the Philippines, Indonesia, and Vietnam
What countries is Vietnam bordered by to its west?
North: Laos, South: Cambodia
Vietnamese terrain
low, flat deltas in south and north; central highlands; hilly, mountainous in far north and northwest