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November 22, 2006
Good Morning, Vietnam
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This has been a good month for Vietnam: on November 7, after a decade of negotiations, it finally secured a seat at the World Trade Organization, and this past weekend it hosted the annual APEC summit and earned lavish praise from U.S. Secretary of State Condoleezza Rice. In fact, the country has had a good year in general: with an annual growth rate hovering at 8 percent, its economy is one of the fastest expanding in Asia. How has Hanoi worked its wonders? Thanks to creative domestic reforms rather than preferential trade agreements, argued Nancy Birdsall, Dani Rodrik, and Arvind Subramanian in Foreign Affairs two years ago — evidence that the key to successful development lies not in the stars but in "poor countries themselves."
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Previously in Background on the News
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Turning Right on Red
November 8, 2006
Early results from Sunday's election show the former Sandinista guerilla leader Daniel Ortega as the likely next president of Nicaragua. The return to power of Ronald Reagan's foe is a symbolic blow for U.S. foreign policy and further evidence that Latin America is swerving to the left. But does it really bode ill? . . . Read more
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NATO's Renaissance
October 11, 2006
Last week, NATO assumed command over some 32,000 peacekeeping troops from 37 countries in Afghanistan, including 12,000 U.S. forces in the eastern part of the country. The move confirmed that the half-century-old organization has entered a new era — and is now facing unprecedented challenges. . . . Read more
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Toxic Thaksin
September 27, 2006
Elected in a landslide just last year, Thai Prime Minister Thaksin Shinawatra was deposed last week in a bloodless overthrow organized by the military. Over the year his fall from grace had been steady and swift, thanks to his abuse of power, repression of the opposition and Muslim minorities, and allegations of corruption. . . . Read more
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