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Why Vietnam has overtaken us

VIETNAM is one of the miracle nations of Southeast Asia. War and civil strife in the 1960s and 1970s had ravaged Vietnam’s economy, and many experts had seen little chance of the country recovering fast from its highly centralized socialist system. However, by the 1980s, the “Doi Moi” reforms introduced a shift from…

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Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

HAVANA, Cuba — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward.

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