Escaping International Glare

August 2003
Asia Monitor: South East Asia Monitor Volume 1;Aug2003, Vol. 14 Issue 8, p8
Country Report
Country Report
The communist-run economy of Laos and its reclusive leaders have received unwelcome international attention during the past few months, as of August 1, 2003. The sentencing of two foreign journalists for 15 years in prison brought the country into the spotlight. The country's communist government is one of the most reclusive in the world. Aid is unlikely to suffer as Thailand is reported to be the country's principle donor. Recent violent incidents could well continue to mean tourism receipts will suffer and the country will remain poor. Robust growth in bordering countries should improve exports but the country will continue to depend heavily on agriculture sector. Significant downside risks loom given the likely slowdown in tourism revenues from both SARS and domestic security concerns. Laos's central bank governor expects the economy to expand by more than 6 percent this year.


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