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soci final7

vietnam1

QuestionAnswer
Different approaches in dealing with ethical difference when doing business overseas foreign country: conform to local customs interconnection: needs of company interact, be helpful to a host country empire: apply home-based ethics to new host situation global: what is good for world rather than local ethical customs
Advantages held by Vietnam in attracting foreign investment low labor cost low land cost improved infrastructure streamlined legal structure to meet WTO requirement
Normalization of US-Vietnam diplomatic and trade relationship 1994: USA lifts thirty year trade embargo 1995: restore full diplomatic relations with USA 2001: trade agreement normalized trade status
. Landmine issue in Vietnam 300,000 tons of remaining explosives 2.5 years to make 1km2 of area safe
Vietnam’s “Doi Moi” In 1986, the party made a historic commitment to economic “renovation/renewal” (doi moi) modeling after China’s reforms. It was the name given to the economic reforms for a “socialist-oriented market economy.”
Created by: sharabeara13
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