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Tag Archives: Economics
Signs of growing income inequality?
Under Doi-Moi (transitioning to a market economy with a socialist orientation), Vietnam has experienced some economic growth. Unfortunately, all market economies are alike (even those with a socialist orientation) in that people cannot enrich themselves at the same rate. Given choice, people will choose different paths. And due to either skill, (more…)
Doi Moi
How does a socialist society begin to establish a market-system? Friday morning we discussed that question as we attended a lecture at the University of Hanoi’s School of Science and Technology that was presented by Do Treiu Anh (Josie), a young Hanoi banking executive. Apparently the Vietnamese, as of now, have no (more…)