The Global Economy Without OPEC, The Economic Model of Vietnam and the Philippines (Paperback) (ISBN-13: 9798709563599)

OPEC or the organization of the petroleum exporting countries is one of the most controversial organizations on the planet, loved by some and loathed by others, the organization has been around for over 60 years and during that time it's had a huge impact Supplying over 40 percent of the world's oil and possessing a staggering 80 percent of total reserves, headquartered in Vienna, a location chosen for its neutrality, OPEC's alleged purposes include: coordinating the policies of its 13 member countries, ensuring the stabilization of oil markets, a steady supply to consumers and perhaps most importantly, providing a steady income and fair capital return Over the course of 30 years Vietnam's GDP, went from 95 to over 2 700 despite its population growing by a quarter even after accounting for inflation and local purchasing power, Vietnam experienced a four-fold increase Over this same period the poverty rate has dropped from 60 to less than five, with the nation becoming a leading exporter and interestingly Samsung alone accounts for almost a quarter of the country's exports As a result, Vietnam's economy has become the poster child for economic, development making massive gains on almost every indicator Though, how did this previously war-torn country turn it all around in the space of 30 years? Being the only major southeast Asian economy to avoid a recession in 2020 In the 1950s, the economy of the Philippines had the second highest GDP per capita in Asia alongside the continent's most modern manufacturing sector after japan, though, in the following decades the Philippines was surpassed by the likes of south Korea, Singapore and Taiwan, which although they didn't notice at the time, became the first Asian tiger economies whilst the Philippines, well, it kind of fell out of the Asian economic tiger race Now, to be fair, Manila has been on a more stable path since its 1980s debt default Between 2000 and 2009, growth averaged over four and a half percent a year, accelerating to almost six and a half in the decade to 2019, but 2020 saw the nation register the worst performance of any major southeast Asian economy. What went wrong for the Philippines?

Author: Malik Hill
ISBN-10: 8709563598
ISBN-13: 9798709563599
Publisher: Independently Published
Language: English
Published: 02/15/2021
Pages: 148
Format: Paperback
Weight: 0.46lbs
Size: 9.02h x 5.98w x 0.32d