Lao PDR
Accelerating Structural Transformation for Inclusive Growth
Asian Development Bank (Publisher)
Published on 1. November 2017
190 pages
978-92-9257-994-4 (ISBN)
Description
The Lao People's Democratic Republic (Lao PDR) has shown remarkable progress by consistently building itself into a market-oriented economy, with economic growth in 1986-2016 averaging around 6.5% per annum. The rapid and sustained growth brought about changes in the structure of output, but did not alter job composition: resource-based products still dominate in industry, low value-added jobs in services, and 65% of the labor force in agriculture. This country diagnostic study provides comprehensive analysis and identifies promising new drivers of growth which the Lao PDR can develop to diversify its production structure and speed up structural transformation.
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Asian Development Bank
Lao PDR: Accelerating Structural Transformation for Inclusive Growth
Country Diagnostic Study
Book
11/2017
Asian Development Bank
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Content
- Cover
- Title
- Copyright
- Contents
- Figures, Tables, and Boxes
- Foreword
- Preface
- Acknowledgments
- Abbreviations
- Executive Summary
- 1. Economic Performance and Key Development Challenges
- 1.1 Introduction
- 1.2 Major Economic Developments: 1975-2016
- 1.3 Foreign Direct Investment and Dollarization
- 1.4 External Sector Performance
- 1.5 Dutch Disease and the Lao PDR Economy
- 1.6 Economic Growth and Structural Transformation
- 1.7 Economic Growth and Inclusiveness
- 1.8 Major Challenges to Inclusive Growth
- 1.9 Conclusions
- 2. Structural Transformation and Diversification
- 2.1 Introduction
- 2.2 Structural Transformation and Product Space Analysis
- 2.3 How the Lao PDR Can Diversify and Upgrade Its Exports
- 2.4 Identification of "Frontier Products" for Structural Transformation
- 2.5 Policy Implications for the Lao PDR
- 2.6 Conclusions
- Appendix 2.1 Technical Notes on Complexity Concepts in Product Space
- 3. Unlocking Agricultural Growth in the Lao People's Democratic Republic
- 3.1 Introduction
- 3.2 Potential of the Agriculture Sector
- 3.3 Performance of the Agriculture Sector
- 3.4 Evolving Agricultural Policy
- 3.5 Key Constraints to Agricultural Performance
- 3.6 Empirical Analysis of Public Programs
- 3.7 Conclusions
- 4. Leveraging Services for Sustainable Growth and Employment
- 4.1 The Role of the Services Sector in the Economy
- 4.2 Development of Selected Services Subsectors
- 4.3 Developing Cross-Cutting Synergies across Sectors
- 4.4 Conclusions
- 5. Power Sector Development in the Lao People's Democratic Republic
- 5.1 Introduction
- 5.2 Status and Trends in the Energy Sector
- 5.3 Institutional, Legal, and Policy Framework of the Energy Sector
- 5.4 Status and Trends in the Power Sector
- 5.5 Challenges in the Power Sector
- 5.6 Recommendations
- References
