Since 1986 Laos has been engaged in radical reform designed to
transform its repressed socialist economy into a market economy
open to international trade and investment. The Economics of
Transition in Laos analyses the successes and failures of economic
transition in the context of the institutional and political
constraints faced by the reform process. It focuses on the change
from a socialist economic system to a market-orientated system, and
the transfer from subsistence to market agriculture. Special
attention is given to the integration of Laos into the Association
of South East Asian Nations (ASEAN). The author shows that this
integration into ASEAN is likely to be an important determining
factor in the transformation of Laos into a successful market
economy. This authoritative book, the first of its kind, will prove
essential reading to social scientists concerned with Southeast
Asia, transition or development issues, and to all those interested
in contemporary Indochina.
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