Lao PDR

Download or read book Lao PDR written by Asian Development Bank and published by Asian Development Bank. This book was released on 2017-11-01 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.