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Foreign Aid, War, and Economic Development: South Vietnam, by Douglas C. Dacy

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By Douglas C. Dacy

Overseas relief, conflict, and fiscal improvement lines the commercial heritage of South Vietnam from 1955 to 1975. in this interval encompassing the Vietnam struggle, high-level officers paid rather little awareness to the economic climate of South Vietnam although fiscal improvement was once an important for the country's survival. A beneficiant overseas reduction application was once designed to pay neighborhood troops and increase the normal of dwelling of the inhabitants. Professor Dacy files this development in nationwide source of revenue and the growth or lack thereof in a few improvement symptoms. He discusses the ambitions of usa fiscal reduction and measures the web assets transferred. also, the booklet analyzes wartime inflation and the Vietnamese tax approach, and in so doing indicates that the measures which might have promoted long-run viability have been avoided in prefer of short-run expediencies that essentially doomed the rustic ultimately. ultimately, fiscal improvement in South Vietnam is in comparison to that during Israel, South Korea, and Taiwan, 3 international locations that confronted excessive army threats throughout the similar interval.

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Additional resources for Foreign Aid, War, and Economic Development: South Vietnam, 1955-1975

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We have already commented on the effect of this inflation on the standard of living of the urban population. It had similar effects on members of the armed forces as the government resisted major pay increases because of tight financial conditions. S. Senate 1974, p. 8). S. Senate Foreign Relations Committee sent a team of investigators to report on the situation in Vietnam. Regarding the economy, this team summarized its findings as follows: Vietnam isrichin agricultural resources but cannot feed herself, has absorbed western technology but cannot afford the imports to operate it, has a well trained labor force but cannot employ it, and provides a wide range of government services but does not have the means to pay for them.

S. troops that had begun in 1969. At the beginning of 1972, 157,000 of the 543,000 peak level remained in Vietnam, and by the end of the year another 132,000 had left the country. Associated with the exodus of the American establishment was a direct loss of 150,000 Vietnamese jobs and, adding indirect hires, The rise and fall of the economy 17 perhaps 300,000 jobs in all (AID 1976, pt. A, p. 118). To satisfy military requirements, troop spending in the local economy, and pay for Vietnamese employees, the United States purchased $403 million in piasters in 1971.

S. support. As Oberdorfer (1971, p. " The validity of that assessment can easily be seen in the economic reforms that took place during the period of Vietnamization. Reforms are never popular, even in developed countries, and it took a certain amount of boldness on the part of the leadership to enact reforms in Vietnam. With respect to economic matters, AID's Terminal Report credits much of these reforms to a "change in economic leadership" during the period, the new leaders being American-trained professionals with high regard for the merits of a free enterprise system (AID 1976, pt.

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