|Price increases – reverse effects of WTO admission: expert|
|16:35' 27/08/2007 (GMT+7)|
VietNamNet Bridge – The price increases in the last eight months, according to economist Pham Chi Lan, have been explained as reverse effects of Vietnam’s admission to the WTO due to shortcomings in the management of the national economy.
The price increases seem to come contrary to peoples’ expectations that prices would decrease as a result of WTO membership.
However, as Economist Pham Chi Lan, a former member of the Prime Minister’s Research Team, has pointed out, the price increases were expected. This is called one of the ‘prompt reverse effects’ occurring right after
Mrs Lan said that WTO membership had brought both active and inactive effects. The active ones include the increasing investment flow into
According to Mrs Lan, since becoming an official member of the WTO, the vulnerability of the national economy has become clearer. The links connecting
Mrs Lan said that in the short term,