Paper tiger: in the early 1990s Burma seemed on the verge of an economic boom, but gross economic mismanagement and a vastly overvalued currency have brought the country's economy to its knees

Article Abstract:

Burma's currency, the Kyat, has fallen on the black market to 250-300 to the dollar, during the country's worse economic crisis since 1988. The government's mismanagement has also fuelled inflation, depleted reserves and discouraged foreign investment. The crisis dates back to the siezure of power by the State Law and Order Restoration Council in 1989, and in 1992, when Gen. Than Shwe replaced Slorc Chairman Gen. Saw Maung, and a three tier currency regime was created. Political unrest has also kept tourists away from the country, despite the 'Visit Myanmar Year' campaign in 1996.

Economic aspects, Money, Myanmar

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One of us; how to foster nationalism in a poor, diverse country?

Article Abstract:

An effort in Laos to promote nationalism may instead foster divisiveness among the 47 ethnic groups in three broad categories that make up one of SE Asia's most diverse societies. Nationalism will necessarily emphasize the culture of lowland Lao Loum peoples, who are already benefitting disproportionally from economic growth. Highland ethnic groups have long felt excluded and persecuted by past govts of Laos. The ideology of communism cut across ethnic divides, but nationalism alone cannot.

Race relations, Nationalism

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Tangible benefits

Article Abstract:

Laos is looking forward to its forthcoming membership with the Association of Southeast Asian Nations (ASEAN). Government officials of the communist country are learning English to support international business communications activity. Nominated officials are learning about ASEAN activities in Malaysia and Singapore. ASEAN membership will help Laos in international relations, says foreign minister Somsavat Lengsavad.

Membership, International relations, Association of Southeast Asian Nations

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