International Journal of Financial Management and Economics
Vol. 2, Issue 1 (2019)
Characteristics features of Vietnam’s international economic integration in the context of industrial revolution 4.0
Dr. Nguyen Hoang Tien
This article provides the basic characteristics of international economic integration in the current context with the impact of the Industrial Revolution 4.0, affirming the general trend of most countries is international integration and stating the promoting role of the industrial revolution. The article also mentions some of the characteristics of the industrial revolution 4.0 and the results it has brought to the present. Moreover, it points out the differences in the trend of capturing the achievements of the Industrial Revolution 4.0 of developed and developing countries and its application to the process of international economic integration. From that, we deduce the relationship between economic integration and Industrial Revolution 4.0. The study also provides some good examples of businesses and countries being in the process of integrating into the world economy and quickly adapting to the Industrial Revolution 4.0. Finally, the paper present some recommendations to take advantage of useful features while avoiding the adverse effects of both industrial revolution and international integration in the development process of a country and business.