Viet Nam's external deficit has risen to 10 per cent of GDP, a level which although still funded by capital inflows is causing alarm to donors, particularly in light of East Asia's financial crisis. The paper argues that the problem may be self-correcting where capital inflows are directed...

type="main" xml:lang="en" <title type="main">ABSTRACT</title> <p>For two of the richest English-speaking countries, Britain and the United States, growing income inequality has been a persistent feature of the past thirty years, leading some economists to question the cosy assumption that as economic development proceeds,...</p>

The rollback of the state and the redistribution initiated during the Reagan-Thatcher period in the US and Britain has resulted in these countries being the least egalitarian in the OECD, with wages increasingly de-coupled from productivity growth and gains accruing to top CEOs. The view that...

While the utilitarian notion of ‘happiness’ is unsatisfactory, widespread interest in the subject suggests that economists are recognising the importance of relative income status, particularly in the US and the UK where income inequality has increased greatly . If relative income matters,...

Results of Vietnam's first large-scale household survey show the incidence of absolute poverty in to be widespread, concentrated in the countryside and quite variable between geographical regions; moreover, the average poverty incidence is considerably higher in Vietnam than most of its...

Underlying the current political crisis of EU is a decade of cumulative malaise produced by low growth, high unemployment and welfare cuts. The poor economic record of the core Eurozone states is attributable neither to supply-side sclerosis nor top-heavy welfare, but rather to the ECB’s...