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The economy of Laos is a lower-middle income developing economy.Being a socialist state (along with China, Cuba, Vietnam, and North Korea), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market ...
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion . [ 1 ]
November 5 - Asian and European leaders meet at the Ninth Asia–Europe Meeting in Vientiane to discuss issues including the current financial crisis. 51 foreign leaders are expected to attend including premier of China Wen Jiabao and President of Laos Choummaly Sayasone.
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The Lao soldiers were among the most highly paid in the world. They cost an average of about $1,000 apiece annually; the global average for a soldier's pay was $848 per capita. Many Lao soldiers were fictional recruits, with their pay being siphoned off by Lao officers. Junior Lao officers afforded expensive villas.
Ten years past the financial crisis, former Bear Stearns CEO Alan Schwartz has been asked often about the most important lessons learned from that period.
Gabriel Plotkin, CEO of Melvin Capital Management, is seen in a video framegrab as he testifies at virtual hearing Congressional hearing on February 18, 2021. (House Committee on Financial ...
At War in the Shadow of Vietnam: U.S. Military Aid to the Royal Lao Government 1955–1975. ISBN 0-231-07977-X. Conboy, Kenneth and James Morrison (1995). Shadow War: The CIA's Secret War in Laos. Paladin Press. ISBN 0-87364-825-0. Fall, Bernard (1969). Anatomy of a Crisis: The Laotian Crisis of 1960–1961. Doubleday & Co. ASIN B00JKPAJI44