International Journal of Social Science & Economic Research
Submit Paper

Title:
Wealth Inequality in South-East Asia

Authors:
Nghi Anh Dang

|| ||

Nghi Anh Dang
Indigo Research Program

MLA 8
Dang, Nghi Anh. "Wealth Inequality in South-East Asia." Int. j. of Social Science and Economic Research, vol. 9, no. 6, June 2024, pp. 1775-1784, doi.org/10.46609/IJSSER.2024.v09i06.010. Accessed June 2024.
APA 6
Dang, N. (2024, June). Wealth Inequality in South-East Asia. Int. j. of Social Science and Economic Research, 9(6), 1775-1784. Retrieved from https://doi.org/10.46609/IJSSER.2024.v09i06.010
Chicago
Dang, Nghi Anh. "Wealth Inequality in South-East Asia." Int. j. of Social Science and Economic Research 9, no. 6 (June 2024), 1775-1784. Accessed June, 2024. https://doi.org/10.46609/IJSSER.2024.v09i06.010.

References

[1]. Australia, Asia Society. “The Economic Impact of the COVID-19 Pandemic on Southeast Asia - Asia Society Policy Institute.” Southeast Asia and COVID-19 - Asia Society Policy Institute, 5 Dec. 2022, https://southeastasiacovid.asiasociety.org/the-economic-impact-of-the-covid-19-pandemic-on-southeast-asia/.
[2]. Bhattacharya, Subhendu, and Sona Raghuvanshil. “Political Turmoil, Leadership Fiasco and Economic Fallout of Myanmar Crisis in 2021.” International Journal of Research in Engineering, Science and Management, vol. 4, no. 3, 3, Mar. 2021, pp. 30–32.
[3]. Dabla-Norris, Era, et al. “Vietnam: Successfully Navigating the Pandemic.” IMF, https://www.imf.org/en/News/Articles/2021/03/09/na031021-vietnam-successfully-navigating-the-pandemic. Accessed 18 Jan. 2024.
[4]. Dao, Quyet Thang, et al. “Changes in Income Distribution During the COVID-19 Pandemic: Empirical Evidence from Vietnam.” The Journal of Asian Finance, Economics and Business, vol. 9, no. 1, 2022, pp. 241–48. koreascience.kr, https://doi.org/10.13106/jafeb.2022.vol9.no1.0241.
[5]. Economic Growth, Wealth and Wealth Inequality in Asia before, during and after the Global Financial Crisis in: Asian Journal of Social Science Volume 47 Issue 4-5 (2019). https://brill.com/view/journals/ajss/47/4-5/article-p459_3.xml. Accessed 18 Jan. 2024.
[6]. Furceri, Davide, et al. “Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics.” The Journal of Economic Inequality, vol. 20, no. 4, Dec. 2022, pp. 811–39. Springer Link, https://doi.org/10.1007/s10888-022-09540-y.
[7]. Hanspal, Tobin, et al. Income and Wealth Shocks and Expectations during the COVID-19 Pandemic.
[8]. Inequality and COVID-19 – IMF F&D. https://www.imf.org/external/pubs/ft/fandd/2021/06/inequality-and-covid-19-ferreira.htm. Accessed 31 Jan. 2024.
[9]. Nguyen, Van Anh Thi, et al. “A Study on the Relationship between Money Supply and Inflation in Vietnam from 2005 to 2021.” Accounting, vol. 8, no. 4, 2022, pp. 395–402. DOI.org (Crossref), https://doi.org/10.5267/j.ac.2022.7.001.
[10]. Solt, Frederick. The Standardized World Income Inequality Database, Versions 8-9. Harvard Dataverse, 2019. DOI.org (Datacite), https://doi.org/10.7910/DVN/LM4OWF.
[11]. Tran, Phuong Bich, et al. “Income Security during Public Health Emergencies: The COVID-19 Poverty Trap in Vietnam.” BMJ Global Health, vol. 5, no. 6, June 2020, p. e002504. PubMed Central, https://doi.org/10.1136/bmjgh-2020-002504.
[12]. Wang, Chunlei, et al. “Global Financial Crisis, Smart Lockdown Strategies, and the COVID-19 Spillover Impacts: A Global Perspective Implications From Southeast Asia.” Frontiers in Psychiatry, vol. 12, 2021. Frontiers, https://www.frontiersin.org/articles/10.3389/fpsyt.2021.643783.
[13]. Zucman, Gabriel. “Global Wealth Inequality.” Annual Review of Economics, vol. 11, no. 1, 2019, pp. 109–38. Annual Reviews, https://doi.org/10.1146/annurev-economics-080218-025852.

ABSTRACT:
COVID-19 has not only affected China but also had an enormous impact on global economic growth. The pandemic caused an increase in unemployment rate around the world, which led to the corruption of the job market. However, some sectors still developed stably despite other businesses getting disrupted. As a consequence, those economic changes could negatively contribute to rising wealth inequality in different ways. This study aims to review the impact of COVID-19 on wealth inequality specifically in South-East Asia, by reviewing data about income distribution, analyzing, comparing them pre and post pandemic, with considering other factors such as inflation and social characteristics. COVID-19 might create a gap between different social classes, but it might not leave a significant contribution to this issue. Ultimately, this research will offer insights for policy makers and economists to work on improvements and advancements towards a modern society in the new normal era.

IJSSER is Member of