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Related blogs to Hinh T. Dinh

Is Vietnam a Currency Manipulator? Implications for Developing Countries – Comments on the U.S. Treasury Report

Hinh T. Dinh | Posted : January 26, 2021

WASHINGTON-The December 2020 U.S. Treasury Report (hereafter referred to as the TR) to Congress singled out Vietnam and Switzerland as currency manipulators. In Vietnam’s case, it is surprising that the U.S. Treasury openly expressed its concerns about a country that graduated from the group of low-income countries only a few years ago. Additionally, Vietnam’s GDP per capita and total GDP are a fraction of the U.S.’s, but the country is assessed in the same way as developed countries, including Switzerland and Germany, and/or as a large country, such as China and India.  

COVID-19 and Government Policies

Hinh T. Dinh | Posted : April 17, 2020

The COVID-19 pandemic threatens to wreak more havoc in developing countries than in developed countries, because of the crumbling healthcare systems and infrastructures in the former, their inadequate budgetary resources, shallow financial systems, and weak government authority and capability. This impact has not yet shown up in cross-country data, possibly reflecting extensive under-reporting and/or less testing for COVID-19 done in developing countries. Policymakers in these countries must concentrate first on implementing health-related measures, then focus on economic measures to mitigate the negative economic impacts and support workers.

Jobs, Industrialization, and Globalization

Hinh T. Dinh | Posted : November 28, 2017

After many decades of expansion, incomes and standards of living have never been better in many parts of the world. Yet, global trade and the prospects of growth still seem uncertain, and protectionism seems to be on the rise. In developed countries, there is anxiety over the loss of the manufacturing jobs that once absorbed a large share of the labor force and created a middle class that formed the core of democracy. Most middle-income countries have not yet been able to make the transition to the high-income group despite the decades of growth. Progress among low-income countries, particularly the sub-Saharan African countries, in achieving productivity growth and structural change—key features of economic development—has not been encouraging, and reverse structural transformation or deindustrialization has occurred in some countries.