Economic growth model and the process of industrialization and modernization in the Vietnam's economy

Abstract

    Economic growth model is actually the operating mechanism of the economy through the co-ordination between the mobilization, allocation and utilization of resources and distribution of economic output for current and future consumers. The mechanism of the economy certainly affect the propess of industrialization and modernization. This article focuses on assessing the impacts of the economic growth model and points out the basic successes and limitations of the model currently used in Vietnam.