World Bank: Vietnam Must Reform to Continue Economic Growth
This paraphrase of a World Bank officials pronouncement about the future of Vietnam’s economy should win some form of award for understatement,
The bank’s vice president for East Asia and the Pacific, Jemal-ud-din Kassum, says without a modern legal and public administration system in place, Vietnam’s transition to a market economy will run into trouble.
No kidding. And here I thought it was capitalism and globalism that was causing all of the problems in the developing world.
Source:
World Bank warns of hurdles to economic growth in Vietnam. Radio Australia, July 15, 2003.
The World Bank: Vietnam Must Reform to Continue Economic Growth by Brian Carnell, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.
Tags: Vietnam