Vientiane, Laos - Laos, a landlocked communist country whose main industries are hydroelectricity and beer, has proven largely immune to the world economic crisis, although this accomplishment has prompted more humour than praise.
"Laos has survived the crisis because we have no economy to suffer," joked one senior Lao technocrat who asked not to be named.
"There is no financial crisis here because Lao banks never lend money," said a foreign businessman, again anonymous.
This is the true, thanks for the post. And i wanna address this to my boy, pls open your mind, not your eyes to see the real laos and compare to the real world. If you can do that, people will be less corrupted, and our country will be improved, ok my boy?
and a starving child knows only hunger. the same child is also immuned from hunger, for he or she is in the state of hunger and the desire for food and misery is with him.
he can not fall or experience greater deprivation for he is already there yes?
The global crisis has affected interconnected nations who depend on each other's economy. Each one is interconnected with the other. However, with Laos, which is generally far removed from external influences because of its communist barriers, this crisis that's plaguing almost every major economy of the world won't pull down Laos' economic standing. You cannot affect someone who's not a part of this constant economic tug-of-war. In this respect, Laos stands independent from the rest of the world. This may be an advantage. However, if world economy progresses, Laos also stands independently - and won't benefit from these advances.
The global crisis has affected interconnected nations who depend on each other's economy. Each one is interconnected with the other. However, with Laos, which is generally far removed from external influences because of its communist barriers, this crisis that's plaguing almost every major economy of the world won't pull down Laos' economic standing. You cannot affect someone who's not a part of this constant economic tug-of-war. In this respect, Laos stands independent from the rest of the world. This may be an advantage. However, if world economy progresses, Laos also stands independently - and won't benefit from these advances.