While it calls for developing nations to open up their markets, the United States this month imposed duties of shrimp from Vietnam and China of 93 percent 112 percent respectively.
The duties will hit Vietnam especially hard as shrimp exports account for two-thirds of that country’s exports and 2 million people are employed in the industry.
The […]
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. […]
Sometimes there are stories which are so self-refuting that it’s hard to provide further commentary. Such is the announcement that China, India, Pakistan, Thailand and Vietnam are investigating ways to cartelize world rice markets. They want to do for rice what OPEC has done for oil.
Rice prices have been in free fall since 1997, losing […]