Economy
The total area of the province is 689,900 hectares (6,899 km2), out of which the agricultural area is 78,600 hectares (786 km2), forest land forms major part of 453,600 hectares (4,536 km2), homestead land accounts for 4,000 hectares (40 km2) and land used for special purposes is 30,200 hectares (302 km2). The per capita production of cereals in 2008 was 289 kg.
Yen Bai is home to 281 cooperatives, which are considered an effective way of generating employment to thousands of workers. These cooperatives are engaged in fields such as agricultural services, industrial services, construction, commerce, transportation, People's Credit Funds and health care. Cooperatives services include the production of black tea (manufacturing and processing), farm and forestry, fertilizers, transportation, electric supply in rural areas, and so forth.
A survey of the economic situation in Yen Bai carried out in 2006 indicated that living standards had increased substantially. For the period 1990 to 2004, Gross domestic product (GDP) tripled with an average increase of 7.5% per year. Poverty index decreased from 58% in 1993 to 16% in 2006 (as per General Statistics Office, 2006). However, underemployment, unstable income, inadequate childcare, limited access to health, child labour, social issues related to old people and social evils, gender inequality needed to addressed.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)