Publication:
Lao PDR: Building an Economy That Works Again

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-06-22T13:14:46Z
dc.date.available2021-06-22T13:14:46Z
dc.date.issued2021-05
dc.description.abstractLao PDR is currently facing the phenomenon of jobless growth. This trend started in the early 2010s when non-farm job creation stagnated despite rapid growth in gross domestic product (GDP). The labor market suffered from weak activity in the private sector, with all sectors apart from hospitality losing jobs. Jobless growth has prevented the Lao PDR economy from reaping its demographic dividend. Reversing the decline in job creation is essential for fostering inclusive growth in Lao PDR. Promoting inclusive growth requires both facilitating higher participation in the workforce along with continued investments in skills, as well as a greater creation of productive and rewarding jobs. This note explores the factors associated with jobless growth in Lao PDR: deteriorating private sector conditions as well as skills and spatial mismatch in employment. The structure of the note is as follows. Section 2 discusses the impact of the deterioration in private sector conditions on job creation and the constraints that have caused firms to downsize or exit the market; Section 3 explores the impact of job loss on workers of different skill levels, and in causing skills mismatch in the labor market; Section 4 examines the geography of jobs and the spatial dimension of employment; and Section 5 concludes with policy recommendations, proposing measures to revive the private sector and restart the engine of job creation, as well as to reduce inter-regional disparities by better matching jobs to workers.en
dc.identifierhttp://documents.worldbank.org/curated/en/719671623661599215/Lao-PDR-Building-an-Economy-That-Works-Again
dc.identifier.doi10.1596/35794
dc.identifier.urihttps://hdl.handle.net/10986/35794
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectJOB CREATION
dc.subjectECONOMIC STAGNATION
dc.subjectUNEMPLOYMENT
dc.subjectINCLUSIVE GROWTH
dc.subjectLABOR SKILLS DEVELOPMENT
dc.subjectTECHNICAL AND VOCATIONAL EDUCATION AND TRAINING
dc.subjectPUBLIC SECTOR EMPLOYMENT
dc.subjectLABOR MARKET
dc.titleLao PDRen
dc.title.subtitleBuilding an Economy That Works Againen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleLao PDR
okr.date.disclosure2021-06-14
okr.date.doiregistration2025-05-07T08:57:12.993973Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Social Protection Study
okr.docurlhttp://documents.worldbank.org/curated/en/719671623661599215/Lao-PDR-Building-an-Economy-That-Works-Again
okr.guid719671623661599215
okr.identifier.externaldocumentum090224b0886cd70d_1_0
okr.identifier.internaldocumentum33166856
okr.identifier.reportAUS0002243
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/719671623661599215/pdf/Lao-PDR-Building-an-Economy-That-Works-Again.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryLao People's Democratic Republic
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Skills Development and Labor Force Training
okr.topicSocial Protections and Labor::Vocational & Technical Education
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitEFI-EAP-POV-Poverty and Equity (EEAPV)
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