Reuters blog archive
from The Great Debate:
Iraq was a bold U.S. experiment in nation-building. It turned out to be a flop.
That's what we're learning as we watch what the United States achieved there evaporate after nine years of war, after nearly 4,500 Americans were killed, 32,000 wounded and $800 billion in U.S. taxpayer money spent.
When George W. Bush first ran for president in 2000, he expressed contempt for nation-building. It was a point he made in rally after rally. “I'm worried about the fact I'm running against a man,” Bush said, “who uses ‘military’ and ‘nation-building’ in the same sentence.''
from The Great Debate:
The spilling of blood and burning of factories by anti-Chinese rioters sweeping across Vietnam reinforces Beijing’s message to other countries claiming territory in the South China Sea: resistance is costly and ultimately futile.
But a region in which anti-Chinese sentiment grows and where sovereignty disputes disrupt trade and economic growth will burn Beijing as well. Over the long term, a commitment to peaceful dispute resolution in accordance with international law, including some concessions on historic claims, would serve China better than its current path.
from Nicholas Wapshott:
After America’s ignominious defeat and hurried departure from Vietnam in 1973 -- when the world’s richest and mightiest nation was humbled by the stolid determination of ill-equipped, ideologically inspired peasants -- it was generally assumed the United States would not wage war again until the lessons of the Viet Cong victory were taken to heart.
When Soviet forces hastily retreated with a bloody nose from their nine-year occupation of Afghanistan in 1989, similar lessons were suggested about the impossibility of militarily holding a country with a universally hostile population.
By Andy Mukherjee
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
As one of the world’s few remaining communist states, Vietnam’s relationship with foreign capitalists is complex. That hasn’t stopped private equity group Warburg Pincus closing the first tranche of a $200 million investment in the country’s largest mall owner. It’s early days, but for global investors Vietnam may be back in the game.
from Global Investing:
By Alice Baghdjian
Uzbekistan, Bangladesh and Vietnam found themselves cheered and chided this week.
The Corruption Perceptions Index, compiled by Berlin-based watchdog Transparency International, measured the perceived levels of public sector corruption in 176 countries and all three found their way into the bottom half of the study.
from Photographers' Blog:
By Gary Cameron
There’s an old military adage, which seems to follow more fact than fiction, that if you arrive 15 minutes BEFORE your scheduled starting time, you are late.
Given that, I found myself attempting to find the walkway to the Vietnam Veterans Memorial in Washington 30 minutes before the volunteers from the Vietnam Veterans of America local chapter 641 arrived at 06:00 for a weekly cleaning of the black granite and grounds.
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Wayne Arnold
Investors can’t stay mad at Vietnam. Even after a downgrade last month by rating agency Moody’s, they’re willing to lend Hanoi dollars for less. Rising exports have helped restore reserves and avert a potential balance of payments crisis, while top officials have apologised for economic mismanagement. In a world awash with cash, however, investors are all too eager to forgive and forget.
By Rob Cox
This column appears in the Oct. 1 edition of Newsweek magazine. The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Almost exactly two years ago this week, Christine Gregoire, the governor of the U.S. state of Washington, was in Vietnam handing out French fries made from potatoes grown in her state at a Kentucky Fried Chicken outlet in Ho Chi Minh City. Gregoire, accompanied by representatives of more than 50 companies from home, was in Vietnam trying to drum up business with America’s former military adversary. But the most important stop on Gregoire’s itinerary may have been a ribbon-cutting ceremony for a new deepwater shipping terminal at Cai Mep.
from Global Investing:
It's a hard slog sometimes looking for new and surprising sources of global economic growth that have not already be heavily discounted by global investors, especially in the uncertain world of 2012. It's been as hard of late to find new arguments to invest in China and quite a few people suggesting the opposite.
But a Credit Suisse report out on Tuesday homed in on worldwide urbanization trends to find out where this well-tested driver of economic activity was likely to have most impact int he 21st century. For a start, the big aggregate numbers are as dramatic as you'd imagine. More than half of the world's population now lives in urban areas, crossing that milestone for the first time in 2009. And, accordingly to United Nations projections, urban dwellers will account for 70 percent of humanity by 2050. As recently as 1950, 70 percent of us were country folk.
from Russell Boyce:
This week Pakistan marked its day of independence from British rule with parades, parties, face painting and bombs. Two pictures of faces covered in colour, one paint, the other blood, seems to sum up all there needs to be said about the national pride Pakistan feels while facing so many challenges. Visually the complementary colours of green and red (colours on opposite sides of the colour spectrum) make the pictures jump out of the page especially when put side by side. The angry eye staring out of the face of green in Mohsin Raza's picture engages the viewer full on while in Amir Hussain's picture the man seems oblivious of his wound as blood covers his face, again more opposites, this time not in colour but mood. India too is preparing to celebrate its independence and Dehli-based photographer Parivartan Sharma's picture of festival preparations came to mind after I put together the red-and-green combination picture from Pakistan.
(top left) A man, with his face painted depicting the colours of the Pakistan national flag, attends a ceremony to mark the country's Independence Day at the Wagah border crossing with India on the outskirts of Lahore August 14, 2011. Pakistan gained independence from British rule in 1947. REUTERS/Mohsin Raza