The ancient cities of Bagan, Myanmar, and Luang Prabang, of Lao PDR offer today’s travelers a nostalgic vision of South East Asia: timeless landscapes and exquisite architecture. This vision is in sharp contrast to the rapid pace of recent economic activity in both countries. Myanmar recorded very strong investor interest in last year’s bidding round for oil and gas blocks. This was a clear signal of the successful reform process undertaken so far. In Lao PDR, the mining industry has increased annual production from around US$ 10 million in the early 2000s to well above US$ 1 billion a decade later – contributing around 15 percent of Government revenues in recent years.
Lao People's Democratic Republic
Those unfamiliar with the fast growing emerging economies of East Asia are likely to think that governments in these countries let market forces and capitalism roam free, red in tooth and claw. That was certainly my impression before coming to work in the region, and generally that held at the outset of our work by the group of us that wrote a new World Bank report “East Asia Pacific At Work: Employment, Enterprise and Wellbeing” .
The report shows just how wrong we were. We could be forgiven this impression—many of us had come from assignments in Latin America and the Caribbean or in Europe and Central Asia, where the distortions and rigidities from labor regulation and poorly designed social protection are rife, and where policy makers cast envious looks at the stellar and sustained employment outcomes in East Asia.
Well, it turns out that although they came relatively late to labor regulation and social protection, many governments in the region have entered this arena with gusto. We were surprised to find that, going just by what is written in their labor codes, the average level of employment protection in East Asia is actually higher than the OECD average.
- Social Development
- Law and Regulation
- Labor and Social Protection
- Financial Sector
- East Asia and Pacific
- Solomon Islands
- Papua New Guinea
- Micronesia, Federated States of
- Marshall Islands
- Lao People's Democratic Republic
- Korea, Republic of
Here at the World Bank we put great effort into facilitating South-South exchanges. But the truth is that developing tangible results and sustainable partnerships are still tremendous challenges. That’s why when a genuine, substantive example of South-South cooperation comes along—as is the case with the new Lesotho Trade Portal (LTP)—this effort should rightly be praised.
The LTP—billed as “the first trade portal in Africa”—was developed through a bilateral agreement between the Kingdom of Lesotho and the government of Lao People’s Democratic Republic, with the assistance of the World Bank Group. The LTP is a single, online source for all trade-related laws, regulations, and procedures for importing and exporting. It was officially launched on March 26, 2014, immediately establishing a new standard in Africa for communication with traders.
The World Bank has been working with the government of Lao PDR to better integrate the country into the regional and global economy since 2006. As the only landlocked country in Southeast Asia, Lao PDR faces a number of barriers to trade. Since beginning to implement reforms in 2008, the country has seen marked improvements in a number of key areas -- culminating in Lao PDR's formal ascension to the WTO last year. The Trade Post spoke with Richard Record, a senior economist based in the Lao PDR country office, about the video. Here's what he had to say...
You can see it in the smiles on the faces of villagers in Ban Nam Jing, two hours outside of Vientiane the capital of Lao PDR. People's lives are improving. In this village of 158 households incomes have increased thanks in part to the 'Power to the People' (P2P) project supported by the World Bank. The program targets the poor, especially female heads of household, with subsidies to pay for electrical connections.
The villagers I met say initially only wealthier families could pay to be connected. Poorer families were left behind unable to afford the cost with their incomes from producing rice, cassava and rubber. Now with lights at night they are also producing handicrafts and textiles to boost their incomes. There are other benefits, with refrigeration people say they can keep food longer, before it used to rot and they would have to eat it quickly. In addition, their children can now study at night and they have TV for entertainment and to learn more about the rest of the world.
The clearance of imports and exports by customs and other agencies are among the most problematic links in global supply chains. They are frequently blamed for undermining the capacity of developing countries to compete on global markets. As a result, the Bank and other development organizations have devoted a great deal of attention to supporting reform and modernization of border clearance processes. In spite of significant effort, border management inefficiencies continue to impact heavily on the competitiveness of developing countries.
|Manothip met her first customers at an entrepreneurship fair for young people in Laos.|
How does one turn a creative idea into a profitable business? In my case, it started with a bag.
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Elephant ivory is on the march. Not elephants, but their ivory. The elephants are left bloodied and dead on the range. So are many rangers who work to protect a country’s natural capital. In the past 10 years, over 1,000 rangers have been murdered in 35 countries alone; the International Ranger Federation tell us that as many as 5,000 may have been murdered worldwide in that time.
At the CITES COP – the Conference of the Parties to the Convention on International Trade in Endangered Species – the halls in Bangkok ring loud with concern for the elephants and other charismatic species, particularly rhinos, that are being exterminated across Africa in pursuit of private profit, at the expense of communities that rely on nature for their food, shelter, start-up capital, and safety net in a warming world.
So why should the World Bank care? Our concern is to build strong economies and healthy communities by revving the engine of inclusive green growth as we prepare countries and communities for the impacts of climate change.
What does this have to do with elephant ivory you ask? Simply put, we cannot achieve our dream of a world without poverty without taking account of the rise in wildlife crime.
- endangered species
- South Asia
- East Asia and Pacific
- Sri Lanka
- South Africa
- Lao People's Democratic Republic
- Congo, Republic of
- Congo, Democratic Republic of
|Watch the video highlighting the report's findings.|
My mother always told me that first impressions are deceptive. Turns out, this is true also when it comes to gender equality.
I lived in Vientiane, the capital of Laos, for six years, working in the World Bank’s country office on social development and gender issues. I still recall arriving in Vientiane, the sleepy city by the mighty Mekong river, and being taken by surprise of how empowered women seemed to be. I noticed women driving their motorbikes in the city, female shop owners serving delicious mango and papaya, and women in the latest business suits hurrying back to the office.
In a country where poverty has decreased by 25% since the 1990s, it was easy to get the impression that women are truly enjoying the benefits of development on equal terms with men. The laws are supportive of women as well. These have clear targets in place that promote women’s human development, economic opportunity, and participation.