Statement/Question:

Major drivers of the success of Vietnams footwear manufacturing sector are purported to be its weakly enforced labor and environmental standards and its generous subsidies to state-owned enterprises. Does this give Vietnamese firms an unfair competitive advantage over U.S. firms? Im looking to briefly analysis this from a few relate areas:

- Comparative Advantage theory - Economists generally state that the gains from international trade are, at least in principle, advantageous to all parties involved in the long run - Strategies to manage globalization - In terms of State capitalism - In general terms, the objective is to control the wealth that markets generate by allowing the governments to play a dominate role - This leads to outside firms competing with businesses that have the finance and political support of their home governments - Using location choice (offshoring to a specific country) to create and capture value. - Deployment, Developing, deepening strategies (not sure how relevant these are to the question )