owing a cease-fire agreement in 1973. Two years later,
North Vietnamese forces overran the South. Despite the return of
peace, for over two decades the country experienced little economic
growth because of conservative leadership policies. Since 2001,
Vietnamese authorities have committed to economic liberalization and
enacted structural reforms needed to modernize the economy and to
produce more competitive, export-driven industries. The country
continues to experience protests from the Montagnard ethnic minority
population of the Central Highlands over loss of land to Vietnamese
settlers and religious persecution.
Virgin Islands
During the 17th century, the archipelago was divided
into two territorial units, one English and the other Danish.
Sugarcane, produced by slave labor, drove the islands' economy
during the 18th and early 19th centuries. In 1917, the US purchased
the Danish portion, which had been in economic decline since the
abolition of slavery in 1848.
Wake Island
The US annexed Wake Island in 1899 for a cable station.
An important air and naval base was constructed in 1940-41. In
December 1941, the island was captured by the Japanese and held
until the end of World War II. In subsequent years, Wake was
developed as a stopover and refueling site for military and
commercial aircraft transiting the Pacific. Since 1974, the island's
airstrip has been used by the US military and some commercial cargo
planes, as well as for emergency landings. There are over 700
landings a year on the island.
Wallis and Futuna
Although discovered by the Dutch and the British
in the 17th and 18th centuries, it was the French who declared a
protectorate over the islands in 1842. In 1959, the inhabitants of
the islands voted to become a French overseas territory.
West Bank
The Israel-PLO Declaration of Principles on Interim
Self-Government Arrangements (the DOP), signed in Washington on 13
September 1993, provided for a transitional period not exceeding
five years of Palestinian interim self-government in the Gaza Strip
and the West Bank. Under the DOP, Israel agreed to transfer certain
powers and responsibilities to the Palestinian Authority, which
includes the Palestinian Legislative Council elected in January
1996, as part of the interim self-governing arrangements in the West
Bank and Gaza Strip. A transfer of powers and responsibilities for
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