Dutch disease in the Lao economy

Diagnosis and treatment

Bibliographic Data

ID13010576
AuthorsSthabandith Insisienmay, Vanthana Nolintha, Innwon Park (0000-0001-8567-7907, Korea University of International Studies, corresponding author)
Year2015
Volume18
Issue4
Pages403-423
Publication date2015-07-10
Open AccessYes
TypeARTICLE
VenueInternational Area Studies Review (JOURNAL)
Journal identifiersISSN: 2049-1123 • E-ISSN: 2233-8659
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.1177/2233865915595155
OpenAlexW837279042
LanguageEN
Citations received2
References cited11

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

Business · Corporate governance · Dutch disease · Economic policy · Economics · Exchange rate · Foreign direct investment · Foreign exchange · International economics · International trade · Investment (military · Monetary economics · Natural resource · Political science · Resource (disambiguation · Revenue · Sustainable development · Transparency (behavior · Asian Geopolitics and Ethnography · Cambodian History and Society · Southeast Asian Sociopolitical Studies · Finance

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