A Report On The Macroeconomy Of Vietnam

Unemployment is seen as one of the possible reasons for the increase in poverty rates, despite the increase in welfare payments. Whilst it is likely that this startling increase in unemployment levels is partly responsible for the increase in poverty, it still

Poverty is a common social issue that has troubled nations for thousands of years. While nations like the United States of America have worked diligently to eradicate it domestically, it still widely exists.“According to the U.S. Citizen burow 47.6 million citizens living in poverty.With 20% of those households living in extreme poverty.”(PBS.org)

A common modern belief is that war leads to a positive outcome within the United States economy. Despite this, the Vietnam War had a negative impact on the United States economy. The United States experienced an increase in the national debt as a result of the Vietnam War. This led to significant inflation in the United States. Inflation in the US caused by the Vietnam War then led to an increase in federal taxes in the United States. Therefore, the Vietnam War had many negative economic consequences for the United States including an increase in national debt, inflation, and federal taxes.

The 18% poverty level of 2008 is improved from the 33% level of the 1960’s, this decrease is attributable to an increase in educational attainment and income, resulting in lower levels of poverty.

Poverty has increased tremendously over the last decade in many countries, developed or less developed. Poverty can be caused by many different factors,

In the book, Poverty and Inequality, it is noted that many people look at the economy and poverty status in the 60s to gauge how to solve poverty today (1997). The sixties saw the longest and strongest economic growth in US history. The unemployment rates went from twenty two percent to thirteen percent. The economy grew 4.3 % every year. This leads many economic analyses to tie the bustling economy with the declining poverty level. The eighties saw two short recessions before the second longest and strongest growth in US history. The unemployment rate went from just over ten percent to just over eight percent. It is important to note that the poverty rate only fell slightly during this period. By 1990, the poverty rate

The war during the period of 1954 through 1975 crippled the economy of Vietnam, suffering over 1.5 million military and civilian deaths, the country also suffered from the mass exodus of refugees leaving which included business professionals, virtually no economic growth in Vietnam due to many reasons. Among them was their economy was dominated by small scale production, low labor force, material and technical shortfalls as well as insufficient food and consumer goods. By 1986 however, Vietnam had launched new political and economic renewal campaigns which were helped this small country go from a centrally planned economy and move into market socialism. By the 1990 the

In chapter five of Poverty and Power, it discusses the economic system and its impact on poverty. The lack of employment opportunities greatly contributes to the poverty problem and the text states that the lack of jobs/good jobs has to do with various economic forces including deindustrialization, globalization, corporate restructuring, and the

The rise in poverty is related to the Great Recession of 2007 which continues to the present day. The recession has lead to a decrease in jobs because many companies are trying to save money so they do not have to close their doors. While many economist at the National Bureau of Economic Research has stated that the recession has ended it still has not shown an increase in jobs. Robert Reich of the Business Insider estimates it will be another 5-8 years before the job market increases to the point it was before the recession, not including the jobs that were lost during the recession.¬¬¬¬¬¬¬¬ This means it will be at least another 5-8 years before poverty levels start to decrease to a sustainable amount.

Another contribution to poverty is inadequate education and employment. Something we take for granted in a developed country is the ability to have access to education. Many children in third world counties have diminutive knowledge about

According to rob Grunewald, in each and every country poverty rates are depending upon the health of their economy. If the county develops their economy then people can easily take jobs because of increase in the opportunities of job in that country. Moreover stronger power of labor market and highly level of income be inclined to help those who live below the poverty line. According to the national data the rates of poverty have moved to some degree together with changes in the unemployment rate subsequent to 1959 and the lower poverty rates harmonize with reductions in unemployment or increments in wage. The author utilize the U.S. unemployment rate, middle wages, a measure of imbalance in money and district of the nation to forecast yearly

After the conquest of South Vietnam in April 1975, the Communist and National Liberation Front (NLF) organizations in the South were either dissolved or integrated. General elections to the National Assembly was held on April 25, 1976 and in its first session, a national government replacing the Provisional Revolution Government (PRG) and the Democratic Republic of Vietnam (DRV) was announced and the country renamed the Socialist Republic of Vietnam (SRV). Hanoi became the capital, and Saigon was renamed Ho Chi Minh City. The National Assembly elected the president, vice president, and a Council of Ministers headed by the prime minister. There were no separation of powers between the legislature, executive, and the judicial branches of the government.

Poverty is a massive issue today, it surrounds all of life’s experiences, and it impacts on the future for people everywhere, and on health everywhere in society. Poverty is not just related to unemployment or

In Chad, the majority of the population has a low standard of living, this is shown through their high levels of inequality, poor housing, low standard of health, high infant mortality rate, high corruption, high levels of malnutrition, lack of overall education and high poverty levels. Its gdp per capita (PPP), has relatively remained stagnant over the last four decades according to IMF world economic outlook data published in 2016. It shows that Chad’s share of worlds gdp (PPP) was approximately 0.02% in 1980’s and is 0.03% in 2017. This stagnant growth in the standard of living in Chad is momentous as it exemplifies that standard of living 35 years ago has remained constant and is roughly the same in present times. This is also evident through its high poverty headcount, over half of the population is still living below the poverty line, meaning that the citizens of Chad cannot afford adequate housing and vaccines and other basic necessities. All of these factors contribute to the low standard of living in Chad, which is a direct result of Chad's lack of economic growth and development.

In this book, it is found that the author manage to give detail explanations on each factors that is believed to cause poverty. The author makes progress and develops the ideas convincingly by providing adequate information based on statistical data and empirical evidences. In chapter four, the author argues that level of education affects the potential earnings of household. Indeed he writes, “The access to education expands the potential for human capital thereby enabling one to qualify for better-paid jobs” (29). To support his argument, the author proves it based on the results of the survey in which it is presented in table 4.1 that show the distribution of household heads based on the level of general education.