|Statement||by the Secretariat, Interim Committee for Coordination of Investigations of the Lower Mekong Basin, Lao People"s Democratic Republic, Kingdom of Thailand, and Socialist Republic of Viet Nam.|
|Contributions||Interim Committee for Coordination of Investigations of the Lower Mekong Basin. Secretariat.|
|LC Classifications||HC443 .A83 1981|
|The Physical Object|
|Pagination||12 p. ;|
|Number of Pages||12|
|LC Control Number||82920109|
II. DEVELOPMENT OF THE LAO ECONOMY 1 A. Growth Performance and Structural Change 1 B. Trade and Investment 3 III. NATURAL RESOURCE REVENUES AND THE DUTCH DISEASE 13 A. Theory: Dutch Disease Economics 13 B. Relevance for the Lao PDR 14 IV. POLICY OPPORTUNITIES AND CHALLENGES FOR THE LAO PDR 16 A. Macro Policy 17Cited by: Economic growth is estimated to rebound to % in from % in according to the August edition of the Lao Economic Monitor. Economic indicators for the Lao PDR Lao PDR's is expected to contract by % in and grow by % in – ADO Update Lao PDR's inflation rates forecasted at % in and % in – ADO Update. April Lao PDR Economic Monitor. Download report (ENG) Sections in this edition: Recent economic developments and outlook (p.1) Selected issue notes (p.6) - Structural reforms (p.6) - Public expenditure policy and management (p.6) - Reform of state-owned enterprises (p) - Financial sector development (p) - Trade reform (p).
The economy of Laos is a rapidly growing lower-middle income developing one of four remaining socialist states, the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with an openness to foreign direct investment and private ownership in a predominantly market-based . With the collapse of the USSR in , the Lao PDR opened its doors to active economic involvement with the West, both in terms of international aid and investment. The Lao PDR became a favorite of diverse donors, and foreign aid currently represents some 20 percent of the GDP. From to , the Lao PDR. Regional economic integration is expected to lead to the ASEAN Economic Community (AEC) by the end of , with the 10 ASEAN countries expected to transform into a single region with free movement of goods, services, investment, skilled labour and freer flow of capital. Lao PDR will need to address a number of challenges to realize the benefits of. Laos’s economic freedom score is , making its economy the th freest in the Index. Its overall score has decreased by points due primarily to a plunge in fiscal health.
Lao PDR 11 22 28 61 Myanmar 18 28 41 87 Thailand 13 51 51 Viet Nam 28 45 79 Total 96 Lao PDR = Lao People’s Democratic Republic. Note: Infrastructure projects are cited from ERIA (). Source: Fujisawa, Wada, and LoCastero (). The Economist Intelligence Unit now expects Laos's GDP to grow by % in , compared to % previously, based on a downgrade of the external trade outlook. Growth will rebound to % in , supported by a recovery in private consumption and investment. The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in Economic growth averaged more than 6% per year in the period , and Laos' growth has more recently been amongst the fastest in Asia, averaging more than 7% per year for most of the last. The communist Lao People’s Revolutionary Party (LPRP) is the only authorized party in power in the country and controls all aspects of politics and civil liberties. Ranked th out of countries on the World Bank Doing Business report for , the business environment suffers from opacity and trade barriers that reduce the economy’s.