In the financial sector it is necessary to put an end to the short-term thinking that unduly focuses on hitting quarterly earnings targets instead of aiming for long-range profitability and growth.

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In order to get people to farm, thus providing local food (you know, local is good, right?), in a place which is snow and ice for half the year it is necessary to put up huge trade barriers to food coming in from places with more grass and more cows.

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"I call on Congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation and to do it now to make sure that blanket safety is in place when our kids return to school in January, " he said.

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But even with foreign involvement, and even if a bankable electricity sales contract with Thailand is put in place, it would still be almost impossible for Laos to raise the necessary money.

ECONOMIST: Laos