The Lao People's Democratic Republic - Systemic Transformation and Adjustment

Author/Editor: Otani, Ichiro ; Pham, Chi
Publication Date: May 28, 1996
Summary: Faced with a steadily worsening economy, the Government of the Lao People's Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momentum with the introduction of the New Economic Mechanism in 1985, as the authorities began a series of far-reaching policy reforms in virtually all economic areas. This paper provides a much-needed overview of the Lao P.D.R.'s experience with systemic transformation and macroeconomic adjustment in recent years and highlights challenges that the country is likely to face in the coming years.
Series: Occasional Paper No. 137
Subject(s): Economic policy | Systemic Transformation Facility | Lao People's Democratic Republic

Publication Date: May 28, 1996
ISBN/ISSN: ISSN 0251-6365 ; ISBN 1-55775-560-4 Format: Paper
Stock No: S137EA0000000 Pages: vii+70
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