This paraphrase of a World Bank officials pronouncement about the future of Vietnam’s economy should win some form of award for understatement,
The bank’s vice president for East Asia and the Pacific, Jemal-ud-din Kassum, says without a modern legal and public administration system in place, Vietnam’s transition to a market economy will run into trouble.
No kidding. And here I thought it was capitalism and globalism that was causing all of the problems in the developing world.
World Bank warns of hurdles to economic growth in Vietnam. Radio Australia, July 15, 2003.
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