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GDP per capita development in Vietnam. The economy of Vietnam is a developing mixed socialist-oriented market economy. [3] It is the 33rd-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.
Cost-push inflation can also result from a rise in expected inflation, which in turn the workers will demand higher wages, thus causing inflation. [2] One example of cost-push inflation is the oil crisis of the 1970s, which some economists see as a major cause of the inflation experienced in the Western world in that decade. It is argued that ...
Built-in inflation is a type of inflation that results from past events and persists in the present. Built-in inflation is one of three major determinants of the current inflation rate. In Robert J. Gordon 's triangle model of inflation, the current inflation rate equals the sum of demand-pull inflation , cost-push inflation , and built-in ...
For example, a sudden decrease in the supply of oil, leading to increased oil prices, can cause cost-push inflation. Producers for whom oil is a part of their costs could then pass this on to consumers in the form of increased prices. [85] Inflation expectations play a major role in forming actual inflation. High inflation can prompt employees ...
One of the causes for the 1970's price spiral was heavy government borrowing required to finance WWII (competition low/repressed public demand), Korean War, Vietnam War and government entitlements with an accomodating Federal Reserve.
In terms of scale, Vietnam's GDP grew almost five times from $6.472 billion in 1990 to $31.173 billion in 2000, while GDP per capita grew from $95 in 1990 to $390 in 2000. [21] That is to show, both production and the standards of living improved over this period.
Từ điển bách khoa toàn thư Việt Nam (Encyclopedia of Vietnam), a state-sponsored encyclopedia which was published in 2005. Vietnamese Wikipedia, a project of the Wikimedia Foundation. Vietnam War encyclopedias. Encyclopedic works and encyclopedias focused on Vietnam War-related topics.
Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second largest growth in Asia, trailing only China's. Government figures of GDP growth in 2006, was 8.17%. According to Vietnam's Minister of Planning and Investment, the government targets a GDP growth of around 8.5% for 2007.