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Trade Liberalization, Economic Reform and Poverty Reduction in Lao PDR

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  • George Fane

Abstract

Since 1986 Lao PDR has greatly reduced the barriers to international trade and the government's direct controls over the economy. Aggregate growth during this reform period has been quite rapid. Although the benefits of growth have gone disproportionately to the non-poor and inequality has increased, poverty incidence is nevertheless estimated to have fallen from about 45% in 1992–93 to 30% in 2002–03. After surveying these developments, this paper discusses the policies that the government is currently proposing as ways to ensure that the benefits of further opening of the economy are more equally shared.

Suggested Citation

  • George Fane, 2006. "Trade Liberalization, Economic Reform and Poverty Reduction in Lao PDR," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 11(2), pages 213-226.
    • Handle: RePEc:taf:rjapxx:v:11:y:2006:i:2:p:213-226
    DOI: 10.1080/13547860600591234
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    References listed on IDEAS

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    1. repec:umd:umdeco:rodriguez9901 is not listed on IDEAS
    2. Jagdish N. Bhagwati, 1978. "Appendix to "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 219-221, National Bureau of Economic Research, Inc.
    3. Jagdish N. Bhagwati, 1978. "Anatomy of Exchange Control Regimes," NBER Chapters, in: Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes, pages 7-52, National Bureau of Economic Research, Inc.
    4. Jagdish N. Bhagwati, 1978. "Foreign Trade Regimes and Economic Development: Anatomy and Consequences of Exchange Control Regimes," NBER Books, National Bureau of Economic Research, Inc, number bhag78-1, July.
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    Cited by:

    1. Sithanonxay SUVANNAPHAKDY & Toshihisa TOYODA, 2019. "Assessing the Fiscal Impact of Trade Liberalization in Laos: A General Equilibrium Approach," GSICS Working Paper Series 34, Graduate School of International Cooperation Studies, Kobe University.
    2. Prema-chandra Athukorala & Hal Hill, 2010. "Asian trade: long-term patterns and key policy issues," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(2), pages 52-82, November.
    3. Sithanonxay Suvannaphakdy & Chris Czerkawaski & Toshihisa Toyoda, 2013. "Potential Impacts Of Regional Trade Enlargement In East Asia On Laos' Trade," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(3), pages 85-110, September.

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