The Lao Economy: Capitalizing on Natural Resource Exports
Menon, Jayant; Warr, Peter | January 2013
Abstract
Trade and investment reforms in the Lao People’s Democratic Republic
(Lao PDR) since the mid-1980s have boosted natural resource-based exports,
underpinning recent economic growth. A high proportion of the proceeds from
these exports accrue directly to the government. Over the 8 years preceding
2011, total government revenue increased from 11% to over 19% of gross
domestic product, due almost entirely to revenues derived from mining and
hydropower. The effect on the Lao people depends on how the government uses
these revenues. This paper examines how the Lao PDR’s export-led growth can
be channeled into directions that deliver the greatest benefit to the Lao people.
Citation
Menon, Jayant; Warr, Peter. 2013. The Lao Economy: Capitalizing on Natural Resource Exports. © Asian Development Bank. http://hdl.handle.net/11540/2335. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Show allCollapse
Citable URI
http://hdl.handle.net/11540/2335Metadata
Show full item record
Users also downloaded
-
Annual Report 2014: Operational Data
(Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, ... -
ASEAN Community 2015: Managing Integration for Better Jobs and Shared Prosperity
(International Labour Organization, 2014-08-21)This joint study of the Asian Development Bank and the International Labour Organization examines the impact of the ASEAN Economic Community (AEC) on labor. It highlights the challenges and opportunities that will accompany the AEC, including managing ... -
Universal Health Coverage by Design: ICT-enabled solutions are the future of equitable, quality health care and resilient health systems
(Asian Development Bank, 2015-06-01)Information and communication technology (ICT) is key to achieving and measuring universal health coverage in Asia and the Pacific. Asia and the Pacific continues to face complex public health challenges, including widening social and economic ...