Thus, the global market cannot deny a place for these 'Asian Dragons', because these countries are growing at a tremendous pace to the extent of being capable in emerging as global market leaders.

China's capitalism and boom was born when their president, Deng Xiaoping permitted the provinces to dismantle their communes and collective farms. This led China to venture into free-market economics, although they were still under the communist political system. When President Deng announced that they needed Western money and expertise, China flung their trade doors wide open and China went on a capitalist drive without ever looking back. By mid 1960's, the Chinese Revolution settled down to the job of ruling China. Its main goal was essentially nationalist: a prosperous modern economy. While there continued to exist substantially economic inequalities, distribution of wealth was probably a bit more equal than in most Western countries. (Moi

se 171) While there were great variations in income between different villages, and between different jobs in the urban sector, the overall averages showed a clear pattern: the cities were much richer than the countryside. Most capital investments were going into urban industries. The urban workers, using considerable amount of heavy machinery, had a much higher average level of productivity compared to the rural workers. The natural consequences were for the city people to arrange themselves an average income level twice as high as that of the people in the countryside.

In 1989, as communism seemed to be collapsing elsewhere in the world, Vietnam flung open its doors to foreign investment. The economy has been growing at an annual rate of 7% to 8% over the past three years. In February 1994, when the U.S. dropped its 19-year trade embargo, aid and investment began to flood in. (49). This led jet streams of investors into Vietnam. Western companies such as Coca-Cola, AT&T, and Motorola all invested heavily in the country. This lead to Vietnam to growing very fast. Population continued to grow by about 1 million a year. By the 1990, the country's exports were up to about $800 million U.S dollars while imports totalled nearly $1 billion. Vietnam's most lucrative business was oil and gas. In addition, it is in this sector of the industry that attracted the most attention of foreign investors. British Petroleum was the first western firm to make a significant contribution to Vietnam's growing economy. Tourism has helped Vietnam grow too. The Vietnamese government were promoting tourism in an effort to earn more hard currency. In addition, Vietnam succeeded in exporting 1.69 million tons of rice making it the third largest exporters of rice in the world.

Westerners are bidding to develop tourist sites along the scenic coast of Vietnam. Hanoi, long a city of bicycles and mouldy old colonial edifices, is now rich in motorcycles and office buildings. In Ho Chi Minh City, as Saigon is now called, the April 30 parade marking the end of the war will be set against a landscape bristling with billboards and construction cranes. All this has brought Vietnam to grow at a tremendous rate and there is no denying that soon Vietnam will become a distinctive force in Asia. The country's recovery after the Vietnam War shows a truly dedicated nation determined to wealth, success and most all, a better life for all the Vietnamese.

Some common words found in the essay are:
Bank Japan, Leap Forward, Chinese Revolution, Vietnam War, British Petroleum, Europe Japanese, AT&T Motorola, United Malaysia, World War, Americans Lower, hong kong, global market, world war 2, war set, increase production, vietnam grow, vietnam war, president deng, golf courses, war truly, government private,
Approximate Word count = 1773
Approximate Pages = 7 (250 words per page double spaced)