Word: communist
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Dates: during 2000-2009
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...year ago, Vietnam was being hailed as the next Asian miracle, a success story to match the rise of the Asian tigers of the 1990s and more recently the stunning growth of China and India. Thanks to economic reforms, the communist country was attracting record amounts of foreign investment. The economy expanded by 8.5% last year-among the fastest rates in the region-and housing prices doubled and tripled, driven up in part by frantic buyers who stood in line to snap up condos before they had even been built. The country's nascent stock market was minting millionaires...
...virtually everything, from food to fuel to housing, have been spiking. Much of Vietnam's recent growth has been driven by its expanding manufacturing sector, but now assembly line workers' salaries are being outpaced by basic living costs. The result has been a rash of strikes-unusual in communist Vietnam-that are hurting the country's image as a haven for multinational companies looking for alternatives to China for manufacturing sites. Over the last six months, there have been more than 300 strikes throughout the country. Most last only a few days, with management usually agreeing to small pay increases...
...government in Hanoi has been slow to tackle some of the problems in part because battle lines are no longer neatly drawn between Communist Party hardliners and the party's more liberal economic reformers. Decision-making has been fragmented to the point of paralysis, says Pincus. For example, no single entity is in control of monetary policy. In a system that works on consensus- not just among the party but committees, ministries and provinces-it has been difficult to get leaders to make tough decisions. "It's always harder to distribute the pain," says Pincus. "It's much easier...
...Regardless of its makeup today, the Co-op’s historical reputation does blush pink. Co-opers embraced that fact about a month ago with a sense of humor and of irony, hosting a communist-themed party...
...Today, Harvard students study Asia, Africa, and South America not because of these regions’ potential to create “trouble” (oh, those pesky non-whites!) or to be used as communist pawns, but because the University recognizes the inherent value in understanding “non-Western” cultures and histories. The class of 2008’s graduates had the option to concentrate in African and African American studies, East Asian languages and civilizations, Near Eastern languages and civilizations, and Sanskrit and Indian studies. But what is still missing from Harvard?...