Word: free-market
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Americans and Vietnamese will celebrate, if that is the word, the 20th anniversary of the fall of Saigon. It is safe to predict that we will take the occasion to ask ourselves, again, why we went to war, why we lost, what it was we lost. The rise of free-market economics here makes that question especially slippery. When Saigon seems just as it was before the fall, just as boisterous and kitschy, when a billboard at Hanoi airport advertises VIETNAMERICA EXPO '94, it is easy to conclude that the war in Vietnam must have been the ultimate adventure...
When we see free-market economics at work in the North and South of Vietnam, we are entitled to feel, instead of futility, a certain sense of vindication. There are reliable people in Saigon who will say (not too loudly, certainly not for attribution) that if a plebiscite were held today, the South would choose independence from the North. This is not because people in the South oppose union; in fact, they favor it. They would choose independence because they despise their oppressive form of government. We fought to help them avoid this predicament. There were many good reasons...
...example, thanks to public pressure and the government's commitment to doi moi, the program of free-market and other reforms, the authorities in southern Vietnam seem to have become a little more tolerant of religion lately. Who knows to what counterrevolutionary extremes such small openings might lead...
...peso. "Fundamentally," Bill Clinton said, "I think they are in sound shape." When Mexico City's market reopened Friday, the stock index -- which has been volatile all year -- initially plunged 100 points but recovered to a loss of less than 1%. "We'll see several weeks of turbulence," predicts Ernesto Cervera, an analyst at a Mexico City consulting firm. Some experts say the market may be unsettled until the August election makes it clear who will be running the country and whether free-market policies continue...
Investors and other businessmen naturally want to see the P.R.I. candidate, whoever it is, win on Aug. 21. That will mean the ratification and continuation of Salinas' free-market policies. But the real test of Mexico's political maturity may be how free and honest the election turns out to be -- how few the charges of vote rigging are -- no matter who wins. That will measure how deeply democratic institutions have taken root...