Proactive Participation in Global Value Chains Is a Recommended Development Path for Lao PDR, Says the Report by the ASEAN-Japan Centre, Released Today
Retrieved on:
Wednesday, March 31, 2021
The country needs to acquire more technology and know-how in agriculture, manufacturing and services production by extending its engagement in global value chains (GVCs), says the Global Value Chains in ASEAN: Lao Peoples Democratic Republic ( https://www.asean.or.jp/en/centre-wide-info/gvc_database_paper5/ ), released by the ASEAN-Japan Centre (AJC) today.
Key Points:
- The country needs to acquire more technology and know-how in agriculture, manufacturing and services production by extending its engagement in global value chains (GVCs), says the Global Value Chains in ASEAN: Lao Peoples Democratic Republic ( https://www.asean.or.jp/en/centre-wide-info/gvc_database_paper5/ ), released by the ASEAN-Japan Centre (AJC) today.
- View the full release here: https://www.businesswire.com/news/home/20210330006159/en/
Global Value Chains in ASEAN: Lao Peoples Democratic Republic is available for download on AJC website. - The small share of FVA indicates that Lao PDR imports fewer value added products for manufacturing, and more for consumption.
- Because the relationship between GVC participation and economic growth is positive, greater participation in GVCs could strengthen the Lao economy.