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...numbers look bad now, Vietnam's long-term economic outlook is good, says Tom Nguyen, head of global markets at Deutsche Bank in Ho Chi Minh City. Some think the government's ability to deal with public dissent swiftly and harshly lessens the threat that strikes will turn into violent protest or will encourage calls for political change. Vietnam remains a stable country of 85 million people with a young and educated workforce. "It is unreasonable for any of us investors to expect this development process not to have challenges," says Nguyen. "But some of the heartache has to fall...

Author: /time Magazine | Title: Vietnam's Troubled Economy | 6/9/2008 | See Source »

...term political survival is at stake," says Larry Birns, head of the Washington, D.C.-based Council on Hemispheric Affairs. "Right now, being a radical is not where the votes are" in a country that, despite its vast oil wealth, is wrestling with high inflation and even higher rates of violent crime. Chavez suffered a rare but stinging defeat last year in a referendum on constitutional amendments that would have broadened his socialist agenda and eliminated presidential term limits. Now, he appears determined to prevent his once feckless opposition from dealing him another setback in state and local elections scheduled...

Author: /time Magazine | Title: A Kinder, Gentler Hugo Chávez? | 6/9/2008 | See Source »

...Along with the growing cosmopolitanism of the wealthy and the professionals of the new economy, globalization has been accompanied by a surge in xenophobia. The phenomenon may have taken a graphically violent form in South Africa recently, but even in Europe the surge of populist xenophobia since the 1990s has propelled previously fringe groups such as the British National Party, Jean-Marie Le Pen's National Front in France, neo-Nazis in Germany and the assassinated Pim Fortuyn's eponymous party in the Netherlands into the political mainstream. Last October, the Swiss People's Party won the largest single share...

Author: /time Magazine | Title: Poverty Trap | 6/6/2008 | See Source »

...spate of violence against immigrants in the townships of Johannesburg [June 2]. The authorities gave various reasons for the outbreak, but the problem boils down to the resentment of the have-nots. Many immigrants who had worked hard to build a life in South Africa were the targets of violent robbery and theft. The criminals were said to have been opportunists, not organized gangs. The inefficiency and hamfistedness of the government's response raises the question: how long will it be before this happens again? And what, if anything, will the government do to protect the immigrant workers...

Author: /time Magazine | Title: Inbox | 6/5/2008 | See Source »

...longer oozes a sense of imminent danger. It was tense, this past winter, when Kosovo declared independence from Serbia, and La Dolce Vita's regulars gathered in a tense silence, sipping slivovitz plum brandy, smoking, and waiting for the news from Belgrade. As the Serb capital was gripped by violent protests that included an attempt to torch the U.S. embassy, life became in Mitrovica became dangerous for Serbian and foreign journalists covering local demonstrations: Several had their cameras smashed; some were beaten. A Serb reporter who freelances for foreign news agencies had his upper teeth knocked out; he works...

Author: /time Magazine | Title: Almost Mellow at Kosovo's Front-Line Cafe | 6/4/2008 | See Source »

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