Dutch disease in the Lao economy: Diagnosis and treatment

Autor:	Innwon Park, Sthabandith Insisienmay, Vanthana Nolintha
Rok vydání:	2015
Předmět:	Sustainable development Dutch disease Sociology and Political Science Economy Resource curse Political Science and International Relations Economics
Zdroj:	International Area Studies Review. 18:403-423
ISSN:	2049-1123 2233-8659
DOI:	10.1177/2233865915595155
Popis:	Searching for evidence of Dutch disease in the Lao economy, we do find some of its symptoms, though they are not very strong. Accordingly, we propose some policy options to mitigate its effects and ensure the sustainable development of the Lao economy: (a) invest the revenues from the booming resource-intensive exports, foreign direct investment and official development assistance in infrastructure and education; (b) reduce import barriers against capital and equipment imports; (c) establish a natural resource fund and a foreign exchange equalisation fund; (d) actively participate in regional trade agreements for advanced technologies and domestic reform; (e) establish a comprehensive bank for efficient trade and investment activities. Above all, we strongly suggest public sector reform to increase transparency in governance.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7cd4c41a1a82a6488455cff585a5becd https://doi.org/10.1177/2233865915595155 Zobrazit plný text záznamu