Laos

Laos: Power Trumps Reform

There is broad agreement today that a market economy works well within a Western democratic system, but there is much less consensus over whether it can function effectively in an authoritarian state. The contemporary political economy of the Lao People’s Democratic Republic (Lao PDR) provides an excellent case in point. The Lao experience since the Communist takeover in 1975 suggests real limits to a development model that combines single party rule with market economics.

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Establishing Normal Trade Relations with Vietnam & Laos

Key Points – Congressional ratification of the bilateral trade agreements with Vietnam and Laos will complete the long-delayed normalization process with these two former U.S. enemies. – Bilateral trade agreements are part of standard international practice and should not be confused with multilateral structures such as APEC, NAFTA, or the WTO. – As normal relations between the U.S. and Southeast Asia continue to develop, cold war thinking resonates less and less, even among veterans and Asian-Americans.

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