The Impact of Sustainable Development Policies on the Welfare of the Poor in Developing Countries: A Case Study of Vietnam

Sustainable development is a critical issue, especially in developing countries like Vietnam, where balancing economic growth, environmental sustainability, and social welfare presents complex challenges. This research examines the impact of Vietnams sustainable development policies on the welfare of the poor, with a particular focus on rural and marginalized communities. Despite significant economic growth, the benefits of sustainable development have been unevenly distributed, resulting in increased inequality, environmental degradation, and social tensions. The analysis identified three key problems: economic inequality between urban and rural areas, environmental degradation in rural regions, and insufficient community engagement in policymaking. To address these issues, several strategies are proposed, including designing more inclusive policies, strengthening environmental protection in rural areas, fostering greater social participation in decision-making processes, and providing financial and technical support to help rural communities transition to sustainable practices. The findings of this research have both social and commercial value, offering insights for policymakers and businesses to promote more equitable and sustainable development in Vietnam. This study contributes to a deeper understanding of the complex relationship between economic growth, environmental sustainability, and social equity in developing countries.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.18619
Primary Topic
Fiscal Policy and Economic Growth
Type
article
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article

The Impact of Sustainable Development Policies on the Welfare of the Poor in Developing Countries: A Case Study of Vietnam

Tao Song
Advances in Economics Management and Political Sciences
Fiscal Policy and Economic Growth
article

The Impact of Sustainable Development Policies on the Welfare of the Poor in Developing Countries: A Case Study of Vietnam

Tao Song
article en

Abstract

Sustainable development is a critical issue, especially in developing countries like Vietnam, where balancing economic growth, environmental sustainability, and social welfare presents complex challenges. This research examines the impact of Vietnams sustainable development policies on the welfare of the poor, with a particular focus on rural and marginalized communities. Despite significant economic growth, the benefits of sustainable development have been unevenly distributed, resulting in increased inequality, environmental degradation, and social tensions. The analysis identified three key problems: economic inequality between urban and rural areas, environmental degradation in rural regions, and insufficient community engagement in policymaking. To address these issues, several strategies are proposed, including designing more inclusive policies, strengthening environmental protection in rural areas, fostering greater social participation in decision-making processes, and providing financial and technical support to help rural communities transition to sustainable practices. The findings of this research have both social and commercial value, offering insights for policymakers and businesses to promote more equitable and sustainable development in Vietnam. This study contributes to a deeper understanding of the complex relationship between economic growth, environmental sustainability, and social equity in developing countries.

Advances in Economics Management and Political SciencesVol. 134(1)
Virginia Tech (US)
Openalex Percentile: Top 70%
Fiscal Policy and Economic Growth
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