Trade Diversion

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August 22, 2005

Markets on the retreat in Asia

India: "Calling himself a liberal in social philosophy, the Prime Minister, Dr Manmohan Singh, today said Marxism captures two very important aspects for the progress of a nation... These insights of Marxism must guide any development policy design, the Prime Minister said."

Vietnam: "Pham Chi Lan, senior advisor to the Research Commission, a socio-economic think-tank advising the Prime Minister, was objecting to some analysts’ suggestion that the government would soon let world prices determine domestic fuel prices... 'I think we cannot do that as fuel is a very sensitive product, with a great bearing on the economy,” she said. “It needs government supervision.'”

Posted by Dingel at August 22, 2005 09:40 AM

Comments

Posted by: green LA girl at August 23, 2005 01:08 AM