AVAILABILITY OF GOODS IN SOUTH VIETNAM FROM 1964 THROUGH 1967
INSTITUTE FOR DEFENSE ANALYSES ALEXANDRIA VA PROGRAM ANALYSIS DIV
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This study outlines the major changes in the economy of South Vietnam during the period 1964 through 1967. Despite the adversity of the war and the political and economic uncertainties which followed from it, the South Vietnamese economy, buttressed by massive US aid, moved ahead at a rapid pace in the four year period. Conclusions regarding the total economic gains can be summarized as follows Total availability of goods increased approximately 20 percent availability of domestically produced agricultural products declined 9 percent industrial production increased by at least 45 percent consumable imports doubled and the increase in available goods did not come because of a reduction in the capital stock or because of a reduction in the foreign exchange balance. The question of measure of growth and welfare is examined in order to formulate a model for analysis. Following sections investigate transportation and communications, agriculture, industry, and foreign trade. In the final section, agriculture, industry and foreign trade are combined into an index of availability. This section also includes some pertinent remarks on the characteristics of the economic welfare measure used in this study.
- Economics and Cost Analysis
- Government and Political Science