Policy options deal with resources booms in Lao PDR

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dc.contributor.authorPhouphet Kyophilavong
dc.date.accessioned2015-10-06T14:13:27Z
dc.date.available2015-10-06T14:13:27Z
dc.date.issued2015
dc.description.abstractResource booms can result in overvaluation of the national currency, an effect commonly referred to as Dutch disease. Laos is a resource-rich economy in terms of mining and hydropower, but the government has not formed relevant policy to deal with this issue. Studies show that resource-rich countries can suffer from slow growth compared with resource‐poor countries often due to effects of Dutch disease, conflicts, and rent seeking. This brief investigates and considers policy options: diversification of the economy; management of fiscal and monetary policy; balancing the budget; reduction of external borrowing; rapid repayment of debt; and setting up funds for future expenditure.en
dc.formatTexten
dc.format.extent1 digital file (26 p.)en
dc.format.mimetypeapplication/pdf
dc.identifier.urihttp://hdl.handle.net/10625/54716
dc.language.isoen
dc.publisherNational University of Laosen
dc.subjectECONOMIC GROWTHen
dc.subjectFISCAL POLICYen
dc.subjectRESOURCES EXPLOITATIONen
dc.subjectHYDROELECTRIC POWERen
dc.subjectMINERAL RESOURCESen
dc.subjectNATURAL RESOURCE CURSEen
dc.subjectFOREIGN INVESTMENTen
dc.subjectRENT THEORYen
dc.subjectRIGHT TO NATURAL RESOURCES CONTROLen
dc.subjectCHILEen
dc.subjectBOTSWANAen
dc.subjectGOVERNANCEen
dc.subjectDIVERSIFICATIONen
dc.subjectMONETARY POLICYen
dc.titlePolicy options deal with resources booms in Lao PDRen
dc.typePolicy Briefen
idrc.dspace.accessOpen Accessen
idrc.project.componentnumber105220001
idrc.project.number105220
idrc.project.titleMekong Economic Research Network (MERN)en
idrc.recordsserver.bcsnumberIC01-4603-42
idrc.rims.adhocgroupIDRC SUPPORTEDen

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