Services and Manufacturing Linkages : An Empirical Analysis for Lao PDR
This report seeks to shed light on the ways in which the services sector has contributed to Lao PDR’s competitiveness and integration into the global marketplace. It focuses on two complementary roles that the services sector plays: first, as an av...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26144444/services-manufacturing-linkages-empirical-analysis-lao-pdr http://hdl.handle.net/10986/24040 |
| Summary: | This report seeks to shed light on the
ways in which the services sector has contributed to Lao
PDR’s competitiveness and integration into the global
marketplace. It focuses on two complementary roles that the
services sector plays: first, as an avenue for export
diversification and growth and, second,by providing inputs
into other productive sectors of the economy, such as the
manufacturing sector. As economies grow, the importance of
the services sector generally increases, but its role as an
enabler of other sectors of the economy in moving up the
value chain is frequently overlooked. However, the services
sector is critical in raising competitiveness of these other
sectors to boost growth and create better quality jobs. The
main policy recommendations that emerge from this report are
aimed at increasing competition in the services sector,
reducing distortive regulations, and opening up the sector
to foreign participation, building up skills, both at the
individual and at the firm level, and investing in hard and
soft infrastructure to promote the development of the sector. |
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