Income Inequality in Vietnam 2000-2010
Table of Contents
Abstract 3
Part 1 - Literature Review 4 1.1. Equity definitions 4 1.2. Measurements of inequality 4
Part 2 - Situation of Income Inequality in Vietnam in the period from 2000 to 2010 7 2.1. Situation 7 2.1.1. Income distribution among 5 quintiles 7 2.1.2. Income distribution between rural area and urban area 9 2.1.3. Income Distribution among 8 regions of Vietnam: 10 2.1.4. GINI coeffiecent 11 2.2. Consequences – the measurement of “40” 12
Part 3: Causes and recommendations and governmental policies for reducing Inequality in Income and enhancing Income Redistribution: 14 3.1. Causes of income inequality in Vietnam 14 3.2. Theories on redistribution of income 15 3.2.1. The Benthamism (Utilitarianism) 15 3.2.2. The Maxi Min Principle 15 3.3. Recommendations and governmental policies for reducing Inequality in Income and enhancing Income Redistribution: 16 3.3.1. Economic solutions 17 3.3.2. Redistribution 20 3.3.3. Poverty Reduction Strategy 22
Conclusion 23
Abstract
For the last century, the world economy has achieved remarkable achievement, and human are enjoying the prosperity that their parents or grandparents could never imagine. However, these economic accomplishments do not benefit everyone. In the second decade of 21st century, still there are millions of people die of hunger every day, something that human thought would have disappeared by now. Those people have no hope in a full life, no chance for education, and thus no opportunity to change their life. They live on the same planet with people who have no worries about food and only care about luxurious fashion items or high tech products. This is the world we are living: prosperity and poverty exist at the same time, and the gap between the wealthy class and the poor class is bigger than ever.
The income inequality, in particular, and social inequality, in general, have long been discussed in all levels of
Abstract 3
Part 1 - Literature Review 4 1.1. Equity definitions 4 1.2. Measurements of inequality 4
Part 2 - Situation of Income Inequality in Vietnam in the period from 2000 to 2010 7 2.1. Situation 7 2.1.1. Income distribution among 5 quintiles 7 2.1.2. Income distribution between rural area and urban area 9 2.1.3. Income Distribution among 8 regions of Vietnam: 10 2.1.4. GINI coeffiecent 11 2.2. Consequences – the measurement of “40” 12
Part 3: Causes and recommendations and governmental policies for reducing Inequality in Income and enhancing Income Redistribution: 14 3.1. Causes of income inequality in Vietnam 14 3.2. Theories on redistribution of income 15 3.2.1. The Benthamism (Utilitarianism) 15 3.2.2. The Maxi Min Principle 15 3.3. Recommendations and governmental policies for reducing Inequality in Income and enhancing Income Redistribution: 16 3.3.1. Economic solutions 17 3.3.2. Redistribution 20 3.3.3. Poverty Reduction Strategy 22
Conclusion 23
Abstract
For the last century, the world economy has achieved remarkable achievement, and human are enjoying the prosperity that their parents or grandparents could never imagine. However, these economic accomplishments do not benefit everyone. In the second decade of 21st century, still there are millions of people die of hunger every day, something that human thought would have disappeared by now. Those people have no hope in a full life, no chance for education, and thus no opportunity to change their life. They live on the same planet with people who have no worries about food and only care about luxurious fashion items or high tech products. This is the world we are living: prosperity and poverty exist at the same time, and the gap between the wealthy class and the poor class is bigger than ever.
The income inequality, in particular, and social inequality, in general, have long been discussed in all levels of