Tuesday, 11 January 2011

Communist Laos Opens Stock Market

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“Beware, my dear Zilkov. The virus of capitalism is highly infectious. Soon, you'll be lending money out at interest,” commented Dr. Yen Lo, the Chinese Communist handler of Raymond Shaw in the 1962 classic The Manchurian Candidate. Now it would appear that the “virus of capitalism” has infected Laos — the Lao Democratic People’s Republic — with the country’s first stock market set to open today. Laotians have high hopes that the Lao Securities Exchange will bring in much-needed foreign investment to the landlocked and impoverished Southeast Asian Communist state. 

With the disintegration of the Soviet Union in 1991, Laos lost is main source of foreign aid, and has been forced to make reforms as it struggled to keep its economy afloat. 

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