Leveraging Benefits of Regional Economic Integration

Download or read book Leveraging Benefits of Regional Economic Integration written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-12-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report shows how the Lao People’s Democratic Republic (Lao PDR) can leverage its regional position to boost trade, increase agriculture, and harness the power of its cities to promote inclusive and equitable growth. Analyzing the Lao PDR’s production and trading structure, it details the Greater Mekong Subregion’s plan to improve competitiveness, community, and connectivity in order to converge income and living standards between members. Outlining the need for structural transformation, it discusses the potential for the Lao PDR to upgrade its value chain positioning, diversify its industries, and capitalize on regional cooperation to achieve its development targets.