Newsweek, October 1, 2012
Vietnam’s economy was promising. How the country got off track.
Things looked hopeful then. But now the venture, like so many others in Vietnam, is plagued by red ink and scandal. It’s sadly not an unusual story. The country looked on track to take its place as an Asian tiger economy, a smaller version of its giant neighbor to the north, China. The nation boasts a large youthful population, a very high literacy rate, abundant natural resources, agricultural self-sufficiency, a stretch of coastline to rival California’s or Thailand’s, and a strategic position amid the trade routes of the Pacific. Instead, Vietnam is now looking increasingly like a basket case—and an example for just-emerging countries such as Burma of exactly how not to manage the opening-up of an economy.
Read more: http://www.thedailybeast.com/newsweek/2012/09/30/from-tiger-to-pussycat-how-vietnam-s-economy-got-off-track.html
