Statement/Question:

Major drivers of the success of Vietnam's 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?

I'm 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 governmentsto play a dominate role

- This leads to outside firms competing with businesses that have the financeand political support of their home governments

- Using location choice (offshoring to a specific country) to capture value.

- Deployment, Developing, deepening strategies (not sure how relevant these are to the question )