What were the argument of Paul Bernard on the economic growth of Vietnam
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Policy-maker Paul Bernard believed that the economy of the colonies needed to be developed for making more profits. If the standard of living of the people in colony improved, they would buy more goods which led to better profits for French businessmen.
Bernard thought that there were several obstacles for the economic growth in Vietnam. These included high population levels, low agricultural productivity and extensive indebtedness among the farmers. To reduce rural poverty, land reforms and industrialisation like Japan were necessary. These would create more jobs and helped reduce poverty in Vietnam.
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Bernard thought that there were several obstacles for the economic growth in Vietnam. These included high population levels, low agricultural productivity and extensive indebtedness among the farmers. To reduce rural poverty, land reforms and industrialisation like Japan were necessary. These would create more jobs and helped reduce poverty in Vietnam.
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Paul Bernard's arguments in favour of economic development of Vietnam:
#1 - He argued that the purpose of acquiring colonies was to make profits.
#2 - Economy was developed and the standard of living of the people improved.
#3 - The market would consequently expand, leading to better profits for French business.
#4 - To reduce rural poverty and increase agricultural productivity it was necessary to carry out land reforms.
#5 - To ensure sufficient employment, industrialisation would create more jobs.
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