A More Balanced Development Model

To truly achieve the vision of our founding fathers of building a nation governed by the people and for the people and guided by the rule of law to bring about ‘peace, independence, solidarity, and prosperity for all Lao’, the Lao leaders and policy makers must shift away from the current predominantly western capitalist development model of economic growth and the ‘get rich quick’ mentality. Laos’ development policy and strategies need to become more holistic and balanced and take into consideration 4 dimensions of (1) economic or livelihood security; (2) cultural integrity and continuity; (3) environmental sustainability; and (4) good governance. It is only by adopting such a balanced development model that Laos can achieve longterm sustainable growth and poverty reduction, which is also the theme advocated by the Asia-Europe People’s Forum (AEPF).

From “Lao Vision Statement and Recommendation for Actions presented to AEPF9.”