ipl-logo

A Comparison Of Poverty In The United States And Vietnam

935 Words4 Pages
bulb-icon

Recommended: Impact Of Globalization On Developing Countries

Currently, I am living in Germany. This is a very rich country for such a small country. Germany has a strong social net (for now) so poverty here is low, but on the other side, Vietnam is a developing country that is producing many things. Poverty in Vietnam is fairly rampant. Today I will compare the two.

Germany has a very low poverty rate due to their Herz IV program. This program is put in place in order keep its citizens from being destitute on the street. This program tries to place people in a job program but will not cut them off from aid. Every able-bodied adult who receives government aid is expected to actively seek a job. Although this keeps people off the street, it can also be detrimental and has capitalist undertones …show more content…

The median income in Vietnam is $1800 per year (“Average Salary”, n.d.). There is no medical safety net in this country and many NGO’s are in Vietnam to help provide medical care to the less fortunate. This country is a country of much industry such as textiles and metals. This is exploited for its cheap labor by countries like the UK, US and Italy. The Government here is communist, but as I was there in January, 2018, one could see that only the regime is communist. The country itself is a capitalist country. There are very few social programs to help the poor, one earns what one can in a job and the government does not regulate wages like in the old DDR (East Germany). The government does not set prices for goods and services the market does. This country is more capitalist than America as there are very few consumer protections in place. There are many laws but very little enforcement. The people here have the strongest work ethic I have seen. In fact, the Vietnamese work 12-14 hour days regularly for very little money. They are proud of their factory jobs in the country and according to Phillips (2016), over 98% of all Vietnamese think factories and trade with the west is a good thing. Income inequality is a major problem here. When the average median income is so low, only the factory owners and westerners can earn a decent living in this country. Vietnam has a 10% VAT and spends 18% of its GDP on education. They have prioritized education and we should see some highly qualified people enter the workforce from Vietnam and it’s GDP should rise as human capital rise. Globalization has indeed, helped the Vietnamese but if ever so slightly. The Vietnamese seem to think their lives are a lot better because of it and perhaps, with the government spending money on education, Vietnam will become in player in high tech

Show More
Related

Rethinking American Poverty Summary

316 Words | 2 Pages

III. A theory in the work is that political and economic structures failed to provide enough decent opportunities and support to the whole economy. IV. The Author does not present any original research, does use sources to come to conclusions on poverty. The author doesn’t mention the methodology used.

Read More

Poverty In America Is Mainstream By Mark R. Rank Summary

925 Words | 4 Pages

Many Americans throughout their life might experience at least a one year in poverty. To be considered living in poverty your annual income must be below the official poverty line. In the article “Poverty in America is Mainstream” by Mark R. Rank, he states that there are myths and stereotypes that surround poverty in America, including that poverty only affects a small number of Americans. Rank uses justifying statistics, as well as appeals to the audience’s emotions, and his credibility to get us to truly understand that poverty can/does affect the everyday American.

Read More

One Child Policy Dbq

769 Words | 4 Pages

However, humans have achieved a level that was never previously before known. Some countries have been able to reduce a high population without the One Child Policy (Doc B). However, even though these countries have been able to drop their population, these countries still have an extremely high poverty rate. In China the amount of people in poverty is 13.1%. Even though this is a high poverty rate the poverty line in South Korea is 15% (World Bank).

Read More

Ice Cream: Socialism Vs. Capitalism In Canada

177 Words | 1 Pages

Just like ice cream, there are numerous forms and combinations that exist. For example, Capitalism in the United States looks vastly different than Capitalism in Canada or Singapore. Pure socialism and capitalism does not presently exist in our world (for good reason). Most countries have to find a balance that is economically sustainable and enriches the lives of their citizens. The degree to which Nordic countries and Western European countries employ socialism seems to work quite well.

Read More

Gilded Age Capitalism Analysis

487 Words | 2 Pages

In the more developed regions of the world such as the United States, the United Nations and some of the Asian Countries, the form of economy there is Capitalism. Capitalism allows business owners to expand as much as they like since businesses are privately owned and the government have little to no influence on them. To the rich, capitalism is great, it allows them to be as rich as they want, but to the poor, capitalism only makes them poorer, it creates a disparity in social class system, and the varying changes in employment rate as a result of monopolization. Capitalism, due to monopolization makes the poor stay poor. To elaborate: a monopoly is when a person or a group owns the majority of the supply for the public.

Read More

Essay On Poverty In America After Ww2

440 Words | 2 Pages

World War II led to a significant decrease in poverty in America after the Great Depression. After World War II, the unemployment rate dropped from 14.6 percent to 1.2 percent (Higgs, 1992). This was because, during the war, 17 million new jobs were created for civilians. During the war, corporate profits doubled and industrial productivity increased to 96 percent. The increase in productivity caused more goods to be produced for consumers.

Read More

Assess The Impact Of Globalization In Vietnam

948 Words | 4 Pages

Q: Assess the impact of globalisation on Vietnam and outline government strategies employed to promote economic growth and development Government policies triggered the process of globalisation in Vietnam resulting in higher levels of economic growth and slowed economic development. Globalisation refers to the integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity. Vietnam has an emerging economy that is transitioning from centrally-planned towards a market-orientated economy. Government policies have been changed over time in response to varying economic goals.

Read More

Analyze The Causes Of Poverty In The United States

610 Words | 3 Pages

When it comes to social policy there are several factors that have to be considered. First, it must be determined what the leading causes of poverty are the United States. Additionally, one can look at previous administrations and their actions to try and beat poverty and how effective they were. In the end, there will have to be recommendation to either continue on with the current policy or create a new one. Initially, one must determine what the main contributing factors are to poverty.

Read More

Chronic Poverty In America

1603 Words | 7 Pages

America the land of opportunity where you can live the American dream, but as great as this sounds it is the American “dream” for a reason, because the harsh reality is poverty. In 2010 poverty and welfare was a National Debate topic, what many do not realize is poverty can take many forms, currently 37 million Americans are living in poverty, and this number has been increasing since 2000 (“National Debate Topic”). In America, there several types of poverty, in order to combat poverty the government instituted the welfare system was put in place by temporarily assisting individuals with the hopes of getting these individual back to supporting themselves. Due to there being several different types of poverty, the welfare system is not effective in combating all types because of the varying degrees of severity and longevity of each types of poverty, and the amount and types of programs that are in place are not the most effective for all types. Life does not always go the one would like it to road bumps and unexpected situations always come up, examples of these unexpected situations are unemployment, medical crisis, death, and other unexpected situations.

Read More

What Is World Hunger In America Essay

639 Words | 3 Pages

Also, poor countries that are corrupt, unstable , violent and in-depth are more likely to be in poverty such as East and North of Africa, Latin America, the Caribbean, Asia and the Pacific and Developing countries. Poverty in America is a little different from poverty in other countries. You 're more likely to notice poverty in other countries than the United States. People are on the streets with no

Read More

What Is Poverty In America Essay

466 Words | 2 Pages

Poverty in America is a difficult topic to speak on; everyone has their own views and experiences on poverty. Certain social trends have impacted the society such as Family Dynamics; The way families are now are a lot different than families of the 1950’s-1960’s, In many cases both adult members of the family are working instead of the traditional husband working to support the family. Even with both members working full time it is still hard to support an average family due to working class wages not adjusting to inflation. Poverty has been increasing at a dramatic rate and the government is supporting more and more people with perverse incentives.

Read More

Marxist Theory Of Poverty

1802 Words | 8 Pages

Smith (2010) argues that while ‘poverty’ and ‘economic inequality’ are closely related terms, they refer to ‘distinct and different concepts’. The scope of this review precludes detailed definitions of poverty (e.g. as provided elsewhere, Goulden and D’Arcy, 2014), or debates about how poverty might best be measured. Instead, it offers a brief description of how these two concepts might be defined and how they differ. Poverty is a term that concentrates on those who have the least money or other resources or, as Ridge and Wright (2008) argue, it is ‘a situation of extreme disadvantage experienced at the bottom of the social and economic scale’. Yet poverty is more than being at the bottom of the income scale; it describes individuals and families who have inadequate resources to secure what is deemed a reasonable, or expected, standard of living within a given country.

Read More

Positive And Negative Effects Of Globalization In Vietnam

806 Words | 4 Pages

Globalization made negative and positive impacts on Vietnam in economy,culture and environment respectively. Globalization, particularly economic globalization, has positive and negative influences on Vietnam. Before globalization, the level of the economy in Vietnam was low that people could not get food and clothing. Vietnam was a backward agricultural country which had the visible gap between social classes(VOV, 2006). By co-operating with overseas corporations, local companies in Vietnam increased the volume of business.

Read More

Poverty In Asia Pacific Essay

1689 Words | 7 Pages

Mainly the developing countries like: Nepal, Bhutan, Sri-Lanka, Bangladesh with some developed countries like China and India has facing poverty. As if compared to past decades, the rate of poverty has been declining gradually in the global. According to The World bank, in 2013, 10.7 percent of the world’s population lived on less than US$1.90 a day, compared to 12.4 percent in 2012. That’s down from 35 percent in 1990. (Leary, 2016).

Read More

Advantages And Disadvantages Of Globalization In Developing Countries

1006 Words | 5 Pages

Firstly, globalization only serves the interests of developed countries like the US, European countries, China, Singapore more than developing countries such as Vietnam, Thailand, Africa (Is globalisation, n.d.). According to Lianna Amirkhayan (n.d.), the uneven distribution makes a big difference in income between developed and developing countries. The rich countries still maintain their wealth which even double rich, compared to developing countries. Secondly, globalization creates a moving wave among people in developing countries. They move to other countries to find a better chance to work.

Read More

More about A Comparison Of Poverty In The United States And Vietnam

Related Topics

Open Document