Lao PDR Accelerating Structural Transformation for Inclusive Growth
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Lao PDR Accelerating Structural Transformation for Inclusive Growth

SKU: 9789292579944

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Additional information

Full Title

Lao PDR Accelerating Structural Transformation for Inclusive Growth
Author(s)

Asian Development Bank
Edition
ISBN

9789292579944, 9789292579937
Publisher

Asian Development Bank
Format

PDF and EPUB

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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