Thursday, November 5, 2009
Wednesday, September 30, 2009
What is poverty?
We sometimes treat it as a matter of blame: the poor are poor because they cannot or choose not to be better off. We sometimes treat it as a matter of virtue: people choose material poverty because it generates—or does not interfere with—spiritual well-being.
We have a long history of explanations for the existence of poverty:
- Sociology: the poor are poor because human beings instinctively look to differentiate themselves from one another, and someone needs to be at the bottom of the pyramid
- Economics: the poor are poor because economic forces depend on a mass of impoverished workers to provide the labor that makes our societies run
- Psychology/Physiology: the poor are poor because individuals have unequal faculties, and in a society that does not compensate for those inequalities, someone must wind up at the bottom
- Scarcity: the poor are poor because there aren’t enough resources to go around
- Environment: the poor are poor because of regional environmental conditions—climate, topography, soil, etc.
- Spirituality: the poor have chosen material poverty because they have found, or have been endowed with, immaterial sources of wealth
Monday, July 27, 2009
Vietnam is considering raising the poverty line
That is $11.11 per month.
The new definition would raise that to $19, which will double the number of poor.
25-07-2009
The Ministry of Labor, Invalids, and Social Affairs proposed raising the official poverty line to twice its former level. The move would mean those living in rural areas who earn VND 350,000 (US$19) or less a month or those living in urgan areas who earn VND 450,000 ($25) or less will be considered poor. (The existing poverty line is VND 200,000 per person per month in the countryside and VND 260,000 for those living in urban areas, respectively.) The new standard means that the number of households living in poverty would rise from 13% to 20%...
http://vietnamnews.vnagency.com.vn/showarticle.php?num=07SOC250709
In a country where you can earn $25+ per hour teaching English with no previous certification.
Sunday, June 21, 2009
New Release from the Economist Intelligence Unit
Outlook for 2009-10
- The ruling Communist Party of Vietnam will maintain its tight grip on power in 2009-10, rejecting calls (especially from groups of overseas Vietnamese) for political pluralism.
- The government's fiscal stimulus package includes spending on infrastructure, as well as tax breaks and a delay in the implementation of the new personal income tax regime.
- Given that the inflation rate is continuing to ease, the State Bank of Vietnam (the central bank) is likely to keep policy interest rates low in 2009-10.
- The Economist Intelligence Unit forecasts that the economy will expand by 1.6% in 2009, before growth picks up to 4% in 2010. But concerns exist that official data will not reflect fully the extent to which the economy is suffering.
- As domestic demand growth weakens, we expect price rises to continue to abate, and inflation is forecast to slow to an average of 5.4% in 2009.
- We forecast that the value of the dong against the US dollar will fall by around 8% in nominal terms in 2009.
- The current-account deficit will narrow sharply in 2009-10 as a result of a major reduction in the merchandise trade deficit.
Monthly review
- A recent court case suggests that the government is increasingly intent on curbing unfair business practices that contravene the 2006 Competition Law.
- From June 1st foreign investors will be allowed to acquire up to 49% of total equity in unlisted companies, up from 30% at present. The move brings the foreign-ownership cap into line with that for listed companies.
- The government’s policy approach to boost economic growth will focus on supporting key sectors; stimulating investment; poverty reduction and social stability; and adopting a flexible approach to monetary and fiscal policy.
- A study of two industrial zones by an international charity, Oxfam, showed that the global economic downturn has had a negative impact on business. Most firms conceded that production orders have fallen.
- The trade balance swung into deficit in April. After posting three consecutive months of surpluses, the trade deficit soared to US$700m for the month.
- Foreign direct investment inflows are down significantly. The government approved US$6.4bn in new projects the first four months of the year, down by over 72% year on year.
Sunday, May 10, 2009
Poor Mexico
Mexico has quickly become the other epicenter of the violence activities carried out by criminal organizations associated with drug trafficking. Mexican drug cartels have come to supplant the Colombian traffickers as the main suppliers of illicit drugs to the U.S. market.
Mexico's attorney general reckons that U.S. consumers buy U.S. $10 billion worth of drugs from his country's cartels each year. All that money allows the two main cartels to arm, equip and pay for a highly motivated army of 100,000 that almost equals Mexico's armed forces in size and often outguns them.
"Americans are understandably focused on the flow of drugs and migrants into the U.S. from Mexico," says Andreas Peter, author ofBorder Games: Policing the U.S.-Mexico Divide. "But too often glossed over in the border security debate is the flow of weapons across the border into Mexico," he told FoxNews.com in a statement via the Internet.3 Mexican authorities say 90 percent of smuggled weapons come from the United States.
Wednesday, May 6, 2009
Visitors!
Go here and put in some clues about when/where you'll be in Asia. I end my job contract officially on July 31, and at some point between now and then I'll be running a teambuilding workshop for my office. That's my only main reason I wouldn't be in Hanoi, unless I'm off with someone who is swinging through town.
View Katy's Whereabouts calendar