Reposted from BBC News
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Tag Archives: capitalism
Welcome to the Golden Land! 1
Myanmar’s leadership appears to be walking the path of reform and embracing a little piece of capitalism
By Mark Wallace
About 24 hours ago Chris and I arrived in Yangon, Myanmar, formerly Burma. It’s a surreal place…
During the 45 -minute cab ride from the airport I felt a lot of emotions: excitement, angst, joy, desperation, hope, fear, scepticism and a hundred others. I’ve never been anywhere with this kind of energy. More…
Indecision time Reply
Reposted from The Economist
WHEN Raúl Castro, Cuba’s president, gave his latest big speech, to a meeting of the National Assembly in July, he repeated his stock response to those who urge him to move faster with reforms to his country’s stagnant state-run economy. Change, he said, would progress “without haste, but without pause”. But many on the island are questioning whether the reforms—officially called “updating”—have indeed paused. More…
Myanmar’s foreign investment crossroads Reply
FDI had been flowing into Myanmar well before the Obama administration officially suspended sanctions in July
By Michael Lwin
This July, the Obama administration finally acted on statements made by Hillary Clinton in May, issuing general licenses allowing for new investment in and the export and reexport of financial services to Myanmar. More…
From No-fly Zone to Must-See List Overnight – Why Myanmar is the Real Deal Reply
Shwedagon Pagoda, Yangon, Myanmar
By Jeff D. Opdyke
Dear Sovereign Investor,
There are no motorcycles in Yangon.
Not a one. Anywhere.
That makes this Asian city unique. Bangkok, Jakarta, Phnom Penh, Shanghai … even Myanmar’s capital of Nay Pyi Taw… are all overrun by motorbikes and scooters. The legend here is that a motorcycle hit an army general’s car five years ago, and in turn he immediately outlawed the two-wheelers in the city. More…
Pope presses Cuba for reforms Reply
A crowd attend a mass celebrated by Pope Benedict XVI at the Revolution Square in Santiago de Cuba
Reposted from The Irish Examiner
Pope Benedict XVI arrived in Cuba in the footsteps of his more famous predecessor, gently pressing the island’s long-time communist leaders to push through “legitimate” reforms their people desire.
In contrast to the raucous welcome Benedict received in Mexico, his arrival in Cuba’s second city of Santiago was relatively subdued. President Raul Castro greeted him at the airport with a 21-cannon salute and a goose-stepping military honour guard, but few ordinary Cubans lined the motorcade route into town and the Pope barely waved from his glassed-in vehicle. More…
Inequality: The deal’s off Reply
Reposted from The Economist
JUST OUTSIDE SANTA CLARA, a city in central Cuba, in a hotel that was once a Communist Party hospitality centre, a trio of musicians entertains a large group of German tourists. The trio belts out “Hasta Siempre, Comandante”, an anthem to Che Guevara, whose capture of an armoured train at Santa Clara prompted the collapse of the Batista dictatorship. “I wouldn’t sing this song for an audience of young Cubans. But it has international resonance,” explains one of the trio. More…
Doing Business with Cuba, Despite Embargo Reply
The Cuban flag flying in Park Central in Havana.
Reposted from CNBC
By Justin Solomon
In Corpus Christi, Texas, beans are being bagged by the thousands and shipped off to a country that for decades was considered forbidden. That country is, of course, Cuba and the beans being sent there are grown in North Dakota, according to WestStar Food President Pat Wallesen.
“When I tell people, they’ll ask, ‘What do you do?’ And we tell them we export some beans to Cuba and they’re like, ‘Well you can’t do that, can ya?’” he said. More…
Cambodia Embracing Capitalism With First IPO Since Khmer Rouge
Reposted from Bloomberg.com
By Joyce Koh
Min Sovannry wasn’t born when the Communist Khmer Rouge took power in 1975 and abolished Cambodia’s money, markets and financial system. Now the 21-year- old college student can’t wait to embrace capitalism.
One of thousands of Cambodians who have attended more than 200 stock-trading seminars in Phnom Penh, Min said she plans to invest as much as one-third of the $300 monthly salary she expects to earn next year in the country’s stock exchange, which is scheduled to begin trading its first shares April 18. More…
Charity needs capitalism to solve the world’s problems Reply
Bill Clinton in Haiti
Reposted from ft.com
By Bill Clinton
Charity alone will not solve the world’s problems. Capitalism can help and at the same time put people back to work. More…
