DISTRIBUTION IN A “JUST” ECONOMY AND THE CASE OF VIETNAM
Tóm tắtIn 1986, Vietnam introduced the market mechanism into its economy by making official the Doi Moi (Renovation) policy. Since then, the country, once poor and backward with command economy, has enjoyed continuous economic growth for the past 30 years, become one of the most attractive places for foreign investment in the world. However, coupling with the continuous growth, there have been signs of the country under-deliver on the promise of “a just, democratic, civilized society”. In this paper, we would like to look at the strength and weaknesses of Vietnam’s economy through a conceptual framework offered by Louis O.Kelso and Mortimer J.Adler with their “economic justice” concept, which is presented in The Capitalist Manifesto (1958). Economic justice, according to their views, consists of 3 principles: Principle of Distribution, Principle of Participation and Principle of Limitation. We will focus on the Principle of Distribution, and uses it to assess the worrisome income inequality situation in Vietnam, especially its negative consequences considering the distribution of healthcare.
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