come on, i would like to see Laos can step out of proverty and poorest list in 2010, i think it is so fuccking long to wait until 2020, I think u guys should agree with me haha!!
I think you should shut the fucc up how is that? who does not want to see their own country lift out of world poorest country.
Anonymous wrote:
come on, i would like to see Laos can step out of proverty and poorest list in 2010, i think it is so fuccking long to wait until 2020, I think u guys should agree with me haha!!
"Thirty years after the Lao People's Revolutionary Party seized power, the Lao People's Democratic Republic remains a Lesser Developed Country (LDC). According to the World Bank, Laos is the poorest and least developed country in East Asia with more than three-quarters of its population living on less than $2 a day and about four-fifths of the people engaged in subsistence agriculture. In this milieu, economic and social inequalities are enormous and getting worse. The poorest 10% of the population receives less than 4% of national income while the richest 10% takes over 30%. With around 80% of the people working the land, the economic fruits of the limited reforms to date are concentrated in urban areas because urban Lao are best positioned to take advantage of new economic opportunities. Poverty alleviation has long dominated international discourse on Laos and probably made the Nam Theun 2 project inevitable, but which elements of the population stand to gain from hydroelectric revenues remains a subject of debate. In a word, Laos is poor, and the bulk of the population looks set to remain that way. The Lao government boasts of plans to escape LDC status by 2020; however, its performance over the last two decades suggests this goal is unrealistic.
In most countries, economics and politics are intrinsically related dimensions of a single social reality, and the Lao PDR is no exception. The economic crisis in Laos today is largely about how the country is governed. Although the Communist Party has used economic performance to retain governing legitimacy for over three decades, this development model has real limits, as the experience in Vietnam and elsewhere suggests. At some point, increased respect for human rights and religious freedoms, in conjunction with real democratic reforms, are certain to become a precondition for Party survival. Until that time, foreign aid dependency, and the corrupt and wasteful use of the aid extended, appear to have become permanent features of the Lao political economy."
