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Question
Answer the following question.
Explain with examples of the three barriers that are responsible for economic growth in Vietnam.
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Solution
There were several barriers to economic growth in Vietnam which are given hereunder :
- High population level in Vietnam
- Low agricultural productivity
- Extensive indebtedness among the peasants
- To reduce rural poverty and increase agricultural productivity it was necessary to carry out land reforms as the Japanese had done in the 1890s. But this could not ensure sufficient employment.
- The French colonialists did little to industrialize Vietnam and in the rural areas, landlordism spread, and the standard of living declined.
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