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

Faced with a steadily worsening economy, the government of the Lao Peoples 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 be... Ausführliche Beschreibung

1. Person: Otani, Ichiro
Format: E-Buch
Sprache: English
Veröffentlicht: Washington, D.C. International Monetary Fund 1996, 1996
Beschreibung: 77 p.
Serien: Occasional Papers, Occasional Paper
Schlagworte: Privatization
Foreign Investment
Exchange Rate
Foreign Exchange
Banking
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Zusammenfassung: Faced with a steadily worsening economy, the government of the Lao Peoples 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 adjustments in recent years and highlights challenges that the country is likely to face in the coming years
ISBN: 9781557755605
1557755604

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