scholarly journals The Vietnamese financial economy: reforms and development, 1986-2016

2018 ◽  
Author(s):  
Quan-Hoang Vuong

In an age of reform, Vietnam’s financial systems have come to a critical stage in which the quality of policy-making, independence of the central banking operations and over-risk controls will ultimately be required if the country is set to move forward in a sustainable fashion. Analysts may have different views about Vietnam’s financial economy, but all agree that it has evolved and grown fast over the past three decades. The next course of development will depend on how Vietnamese society views raison d’être of its financial systems and financial health. But the process will much depend on the economic growth of the economy as a whole. Failing to support a sustained growth puts VFS’s existence at risk as economic growth helps mitigate higher risk-taking behavior and contain instability in less competitive markets.

2005 ◽  
pp. 84-96 ◽  
Author(s):  
A. Porokhovsky

The author pays special attention to the USA leading positions in the world economy. The basic significance of traditional industries, first of all manufacturing, in the structure of the American economy and its evolution are underlined. The article analyzes in detail the increasing role of services including finance. Information technologies create new economic structure and new quality of economic growth. A reader learns from the article about sustainable reproduction role of business cycle in the past and present.


1966 ◽  
Vol 4 (1) ◽  
pp. 83-93 ◽  
Author(s):  
E. R. Rado

PERHAPS the most notable feature of the literature of economic development and planning over the past decade has been the discovery—or the belated rediscovery—that capital investment is not the sole source of economic growth; that the quality of the labour force is intimately connected with the (potential) rate of economic growth; that this quality is based on, and can be affected by, the education that members of the labour force received; and that consequently manpower and educational planning is a necessary part of over-all economic planning. Indeed so thoroughly has this new orthodoxy been accepted that some countries now have manpower and educational plans even though they may have no over-all development plan worth speaking of.


Author(s):  
Sayuti Hasibuan

Based on past experience as well as implementation paradigms embedded in the five-year plan 2004-2009, there is a very small likelihood that it can be successfully implemented. In the past before the crises of 1997, for a long time economic growth has been on average 6.8% per year. But that did not prevent open unemployment from rising. The plan target of reducing open unemployment to 5.1% in 2009 from about 9.7% in 2005 with 6.6% yearly average of economic growth appears very unrealistic. This unrealism is the more so because the plan as it stands embodies paradoxes in its various agendas and programs of action resulting from the operation of Arrow's impossibility theorem. While the plan aims at increasing productive employment, its assumption of human being as a resource is a passive, order receiving rather than an active, innovative and risk taking one.More fundamentally, even if the plan target of economic growth is achieved, it, being on the physical plane, will fail, as it has in the past, to translate the spiritual and corporeal values of Belief in One God and Just and Enlightened Humanity contained in the 1945 constitution. Indonesian society will move further and further away from the cherished ideals of the founding fathers of the Republic with dire implications on its future prosperity and even of its existence. It has been proposed that the operational objective of maximizing economic growth be replaced by maximizing human capability which is more suited to accommodate the multiplicity of objectives in the 1945 constitution with the different levels of physical, corporeal and spiritual dimensions.


2021 ◽  
Vol 38 (1) ◽  
pp. 68-97
Author(s):  
Hal Hill

Abstract Indonesia has achieved moderately fast economic growth for most of the past 50 years. Has this growth translated into rising living standards? This is the question that is addressed in this paper. The conclusion is a qualified yes. The caveat is attached for two reasons: (i) philosophically, the definition of living standards remains a subject of considerable conjecture, and (ii) not all social indicators point in the same direction. I focus primarily on trends in measurable indicators of human welfare, particularly poverty and inequality. Combined with major improvements in the coverage and quality of the country's statistics, and a now extensive literature, it is possible to document, and in some cases explain, trends in living standards in some detail. I also investigate whether (and how) the sudden swing during 1999–2001 from an authoritarian and centralized regime to a democratic and decentralized era impacted significantly on these trends.


Think India ◽  
2018 ◽  
Vol 21 (3) ◽  
pp. 1-8
Author(s):  
Dhiren Jotwani

India has witnessed significant growth in the economy over the past seven decades. Economic growth has been consistent and higher than many other developed countries even though there were few ups and downs. At the same time, the financial system has seen drastic changes, from composition, to markets and instruments, and to governance systems. In this study, first the process of financial development is studied. The issue of governance in financial systems is discussed. Next, the impact of financial development is studied, using type of financial institution to indicate governance, on the economy’s overall development. It is hypothesised that the quality of governance of financial systems will affect financial development and ultimately growth. It leads to the finding that the financial system contributes to economic growth in India. Governance of financial systems is crucial, but does not impede the process.


2011 ◽  
Vol 2 (3) ◽  
pp. 117-124
Author(s):  
Rudra P. Pradhan

Provision of adequate infrastructure, in terms of both quantity and quality, is very essential for the rapid achievement of sustainable economic growth, both by increasing productivity and by providing amenities that enhance the quality of life. The objective of this paper is to investigate the role played by infrastructure, grouped under physical, social and financial, in determining economic development in India over the different time periods. An attempt is also made to find out the existence of intra-regional disparities, in terms of infrastructure, among the states of India. Using Factor analysis and regression analysis, the paper finds that infrastructure plays a significant role in determining the inter-state level of development in India during the past quarter century. The paper at the end discusses various challenges and opportunities for the infrastructure development in India and its link with sustainable economic growth.


Author(s):  
Musibau Adetunji Babatunde ◽  
T. Ademola Oyejidee

Nigeria has experienced quite significant growth over the past one decade, but the incidence of poverty has also increased suggesting that the growth is immiserizing. The immiserizing nature of the growth was supported by the estimates from the growth elasticity of poverty, the employment elasticity of growth and the quality of the growth spells. The determinants of immiserizing growth cut across economic, social, political and institutional factors that include dysfunctional behaviour, structure of the economy, rising inequality and resource misallocation. However, this does not imply that, at the margin, economic growth is not beneficial to the poor. The simple point is that there are many other factors other than economic growth that help explain the weak or missing linkages between macro-economic growth and household incomes. Domestic policies are necessary to reduce the various constraints inherent in the economy that makes growth immiserizing.


Author(s):  
K. T. Tokuyasu

During the past investigations of immunoferritin localization of intracellular antigens in ultrathin frozen sections, we found that the degree of negative staining required to delineate u1trastructural details was often too dense for the recognition of ferritin particles. The quality of positive staining of ultrathin frozen sections, on the other hand, has generally been far inferior to that attainable in conventional plastic embedded sections, particularly in the definition of membranes. As we discussed before, a main cause of this difficulty seemed to be the vulnerability of frozen sections to the damaging effects of air-water surface tension at the time of drying of the sections.Indeed, we found that the quality of positive staining is greatly improved when positively stained frozen sections are protected against the effects of surface tension by embedding them in thin layers of mechanically stable materials at the time of drying (unpublished).


2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.


2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.


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