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Laos in Need of Bolder Reforms for AEC Integration

In: Southeast Asia and the ASEAN Economic Community

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  • Buavanh Vilavong

    (Department of Industry and Handicraft, Ministry of Industry and Commerce)

Abstract

Vilavong assesses how well the Lao economy has performed and what the country needs to do to integrate into the ASEAN Economic Community (AEC). While economic progress has been impressive, the resource sector remains the main driver of the Lao economy. The chapter highlights that sustaining the country’s long-term growth and development requires not only a strong political commitment to further reforms but also effective integration into the region. Vilavong concludes that apart from upgrading transport infrastructure, particular focus should be on further reforms to improve the poor business environment and logistics performance. These efforts can help Laos reap benefits from economic integration and ensure a smooth transition after graduating from the least developed country status.

Suggested Citation

  • Buavanh Vilavong, 2019. "Laos in Need of Bolder Reforms for AEC Integration," Springer Books, in: Roderick Macdonald (ed.), Southeast Asia and the ASEAN Economic Community, chapter 0, pages 333-350, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-19722-3_10
    DOI: 10.1007/978-3-030-19722-3_10
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