World Review of Political Economy (Nov 2010)

THE VIEWS OF SOME ECONOMIC THEORIES ON THE ECONOMIC CRISIS OF CAPITALISM AND SOME LESSONS FOR VIETNAM

  • Pham Van Duc,
  • Tran Tuan Phong

DOI
https://doi.org/10.2307/41931900
Journal volume & issue
Vol. 1, no. 4
pp. 724 – 728

Abstract

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After a brief analysis of the views presented in the economic theories of neo-liberalism, Keynes and Marx on the economic crisis of capitalism the authors of this article point out some methodological recommendations for the development of socialistic-oriented market economy in Vietnam. The experience of dealing with the crisis shows the importance of upholding the advantages of socialist regime: the leadership of the Communist Party in appropriate policyguidelines, the role of the Government in its consistent implementation of its policies, the role of the state's economic sector in sustaining the stability of the whole economy as well as in economic recovery, the contribution and support by the people for the common cause of development of Vietnam.