Wednesday, January 12, 2011
Laos stock market opens to boost economy
Sandwiched between Vietnam and Thailand, Laos is one of the world's poorest countries. The communist government has been trying to liberalize and attract foreign direct investment since the mid-1990's, and hopes to emulate China's model of gradual economic liberalization while maintaining a strong central government. Yesterday, the country's first stock exchange opened. It only lists two companies, but hopes to eventually serve as a fundraising tool to inject $8 billion into the economy.
BBC News - Laos stock market opens to boost economy
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