Although the FDI-induced wage increases helped improve the incomes of the bottom 40 per cent of the population in all three countries, the effects across the entire income distribution differed significantly across countries. In Ethiopia, the benefits of FDI were more concentrated in the bottom 40 per cent, while in Vietnam, the welfare gains were more evenly distributed. Turkey had the greatest average wage benefits from FDI but also experienced increases in wage inequality. … [Read more...] about FDI creates jobs, but does it eliminate poverty?
Reduce poverty in canada
In Nậm Ban Commune, an extremely poor commune of Nậm Nhùn District, the income per capita was only VNĐ3.5 million per year in 2015, with 80 per cent of the population in poor households. … [Read more...] about Support policies provide leverage for ethnic people to escape poverty
In eight months of this year, the total local State budget revenue surpassed 5.84 trillion VND (253 million USD), or 81.6 percent of the yearly estimate, up 22.2 percent year-on-year. The total retail of goods and services topped 36.1 trillion VND, up 1.98 percent annually, while the total infrastructure investment hit more than 1.28 trillion VND, or 35.3 percent of the plan, of which over 1 trillion VND was disbursed, equivalent to 30.2 percent. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 3
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) held a teleconference on August 31 to look into orientations for making plans on socio-economic development and public investment in the southeastern and Mekong Delta regions in the next few years. Addressing the conference, which was attended by officials from 19 provinces and cities in the two regions, Minister Nguyen Chi Dung said the plans for 2021 and the 2021-2025 period need to be consistent with and bring into play the achievements obtained during 2016-2020 while devising development strategies, plans and solutions that can tap into local potential and advantages, thereby making breakthroughs and stronger development in the new period. Development directions must centre on the people by paying attention to ensuring social security and sustainably reducing poverty, especially in ethnic minority communities and remote, border and insular areas, so as to narrow the development gap among regions, he noted. … [Read more...] about Development directions for southeastern region, Mekong Delta outlined
Hanoi (VNA) - Cambodian Prime Minister Samdech Techo Hun Sen has said that strengthening globalisation and multilateral trade are crucial to supporting global economic growth and reducing poverty. The Cambodian PM made the statement at the Global Manufacturing and Industrialisation Summit which was held virtually on September 4 - 5 and co-hosted by the United Nations Industrial Development Organisation (UNIDO) and the Ministry of Energy and Infrastructure of the United Arab Emirates. In his speech, he called on countries to continue strengthening the momentum of globalisation, which has significantly contributed to economic growth and created unprecedented conditions that promote poverty reduction and livelihood of people from all walks of lives. He said in the context of globalisation, countries must ensure that their cooperative mechanism can maintain the spirit of open-mindedness and support for multilateral trade, by speeding up social and economic interlinkages to support each … [Read more...] about Cambodian PM: globalisation, multilateral trade vital for global growth