Laos Economic Structure and Economic Development Policy

DOI

10.2991/aebmr.k.210319.033How to use a DOI?

Keywords

Economic structure, Economic growth, Economic development policy, Foreign Direct Investment (FDI)

Abstract

This paper critically explores the Laos’ economic structure and economic development policy. The paper highlights that until 1987, Laos was a closed economy defined by district production. After 1987, the economy parades to the external world for FDI and begins to record the economic process. The paper more shows that Laos economic structure is basically mining in Copper, Tin, Gold, Gypsum, Timber; electrical generation; Agricultural process. Trade merchandise grow at 8.92% compared to the previous years of 3.35% growth of electricity and power offer, 2.75% growth of producing, 2.35% growth of construction and 0.68% growth of mining and production. The recently revised economic development policy favors FDI and Laos can before long gain economic momentum.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Somsanith Sythongbay
PY  - 2021
DA  - 2021/03/22
TI  - Laos Economic Structure and Economic Development Policy
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 177
EP  - 185
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.033
DO  - 10.2991/aebmr.k.210319.033
ID  - Sythongbay2021
ER  -