Jonathan Pincus Quotes on Product (1 Quote)

The risk for Vietnam if it opens its borders to trade but does not upgrade technically to make value-added products, it becomes an assembly factory and producer of raw materials for China. You have to remember how poor Vietnam actually is. I'd be worried over the long term whether it can achieve an increase in value-added products the way that Malaysia, Taiwan and South Korea did. It does not yet have the policy tools to provide a national program of technology upgrading.