Regarding the social market economy model

Professor Ralph Michael Wrobel (University of West Saxon, Germany) gave a presentation on the topic: “The Social Market Economy Model and the Role of the State – International Experience and Application to Vietnam” at the University of Social Sciences and Humanities on March 7, 2013.Associate Professor Pham Quang Minh – Vice Rector of the University, along with faculty and students, participated in an exchange and discussion with Professor Ralph Michael Wrobel. In his presentation, Professor Wrobel provided an overview of different market economic systems in Europe: England, France, Germany, etc. He emphasized the social market economy model and economic development based on this model in Germany. He also particularly focused on sharing various aspects of the three basic models of a market economy: social market economy, free market economy, and welfare state. Faculty and students engaged in detailed discussions with Professor Wrobel to gain a better understanding of the economic models currently developing in countries around the world in general, and the economic model in Vietnam in particular. Ralph Michael Wrobel asserted that the development of a nation depends on its political elite and talented individuals. Students are learning to develop the country; each student should study hard to participate in the process of national renewal, development, and integration into the world.