Laos, officially the Lao People's Democratic Republic, is a socialist state and the only landlocked country in Southeast Asia. At the heart of the Indochinese Peninsula, Laos is bordered by Myanmar and China to the northwest, Vietnam to the east, Cambodia to the southeast, and Thailand to the west and southwest. Its capital and largest city is Vientiane.
Evidence for modern human presence in the northern and central highlands of Indochina, that constitute the territories of the modern Laotian nation-state dates back to the Lower Paleolithic. These earliest human migrants are Australo-Melanesians—associated with the Hoabinhian culture—and have populated the highlands and the interior, less accessible regions of Laos and all of South-east Asia to this day. The subsequent Austroasiatic and Austronesian marine migration waves affected landlocked Laos only marginally and direct Chinese and Indian cultural contact had a greater impact on the country.
Laos is an independent republic, and the only landlocked nation in Southeast Asia, northeast of Thailand, west of Vietnam. It covers 236,800 square kilometers in the center of the Southeast Asian peninsula and it is surrounded by Myanmar (Burma), Cambodia, the People's Republic of China, Thailand, and Vietnam. About seventy percent of its geographic area is made up of mountain ranges, highlands, plateaux, and rivers cut through.
The economy of Laos is a lower-middle income developing economy. Being one of the socialist states, the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with an openness to foreign direct investment and private ownership in a predominantly market-based framework.
The foreign relations of Laos, internationally designated by its official name as the Lao People's Democratic Republic, after the takeover by the Pathet Lao in December 1975, were characterized by a hostile posture toward the West, with the government of the Lao People's Democratic Republic aligning itself with the Soviet bloc, maintaining close ties with the Soviet Union and depending heavily on the Soviets for most of its foreign assistance. Laos also maintained a "special relationship" with Vietnam and formalized a 1977 treaty of friendship and cooperation that created tensions with China.
The economy of Myanmar has a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to the World Bank. For the 2020 estimate, GDP per capita in Myanmar would be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita.
The economy of Vietnam is a mixed socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization.
ASEAN officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and other countries in Asia. ASEAN's primary objective was to accelerate economic growth and through that social progress and cultural development. A secondary objective was to promote regional peace and stability based on the rule of law and the principle of United Nations charter. With some of the fastest growing economies in the world, ASEAN has broadened its objective beyond the economic and social spheres. In 2003, ASEAN moved along the path of the European Union by agreeing to establish an ASEAN community comprising three pillars: the ASEAN security community, the ASEAN economic community, and the ASEAN socio-cultural community. The ten stalks of rice in the ASEAN flag and insignia represent the ten southeast Asian countries bound together in solidarity.
The Asia-Pacific Economic Cooperation is an inter-governmental forum for 21 member economies in the Pacific Rim that promotes free trade throughout the Asia-Pacific region. Following the success of ASEAN's series of post-ministerial conferences launched in the mid-1980s, APEC started in 1989, in response to the growing interdependence of Asia-Pacific economies and the advent of regional trade blocs in other parts of the world; it aimed to establish new markets for agricultural products and raw materials beyond Europe. Headquartered in Singapore, APEC is recognized as one of the highest-level multilateral blocs and oldest forums in the Asia-Pacific region, and exerts a significant global influence.
The ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies. It stands as one of the largest and most important free trade areas (FTA) in the world, and together with its network of dialogue partners, drove some of the world's largest multilateral forums and blocs, including Asia-Pacific Economic Cooperation, East Asia Summit and Regional Comprehensive Economic Partnership.
The economy of Asia comprises more than 4.5 billion people living in 49 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China, Tiger Cub Economies (1990–present) in Indonesia, Malaysia, Thailand, Philippines, and Vietnam, and economic boom in India (1991–present).
The Singapore Cooperation Programme (SCP) is a series of programmes conducted by the Government of Singapore to facilitate the sharing with other developing countries the technical and systems skills that Singapore has learned and acquired over the years. Technical assistance focuses on training and increasing the skills of a nation. As a country whose only resource is its people, Singapore believes human resource development is vital for economic and social progress. Singapore had benefited from technical assistance from other countries and international organizations.
The Greater Mekong Subregion, (GMS) or just Greater Mekong, is a trans-national region of the Mekong River basin in Southeast Asia. The region is home to more than 300 million people. It came into being with the launch of a development program in 1992 by the Asian Development Bank that brought together the six Asian countries of Cambodia, China, Laos, Myanmar (Burma), Thailand, and Vietnam.
The Mekong–Ganga Cooperation (MGC) was established on November 10, 2000, at Vientiane, Laos at the First MGC Ministerial Meeting. It comprises six member countries, namely India, Thailand, Myanmar, Cambodia, Laos and Vietnam. The four areas of cooperation are tourism, culture, education, and transportation. The organization takes its name from the Ganga and the Mekong, two large rivers in the region.
Électricité du Laos(EDL) is the state corporation of Laos that owns and operates the country's electricity generation, electricity transmission and electricity distribution assets. The company also manages the import and export of electricity from the national electricity grid of the country. EDL was founded in 1959 and is headquartered in Vientiane.
The Enlargement of the Associationof Southeast Asian Nations is the process of expanding the Association of Southeast Asian Nations (ASEAN) through the accession of new member states. This process began with ASEAN's five original members, who founded the association through the signing of the Bangkok Declaration in 1967. Since then, the ASEAN's membership has grown to ten with the accession of Cambodia in 1999.
The US-ASEAN Business Council is a leading advocacy group that aims to foster economic growth and trade ties between the United States and the Association of Southeast Asian Nations (ASEAN)'s ten member countries. It is the only U.S.-based organization enshrined in the ASEAN charter. Headquartered in Washington, DC, the Council has offices in New York City, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, and Myanmar. The Council represents more than 170 of the largest US corporations.
Human trafficking in Southeast Asia has long been a problem for the area and is still prevalent today. It has been observed that as economies continue to grow, the demand for labor is at an all-time high in the industrial sector and the sex tourism sector. A mix of impoverished individuals and the desire for more wealth creates an environment for human traffickers to benefit in the Southeast Asia region. Many nations within the region have taken preventive measures to end human trafficking within their borders and punish traffickers operating there.
The Timor-Leste–Indonesia–Australia Growth Triangle (TIA-GT) is a combined initiative of the regions of Eastern Indonesia, Northern Australia, and the Democratic Republic of Timor-Leste. This initiative aims to promote and foster economic growth through integrated economic development in the region that these nations reside in. The growth triangle was created in 2012, after a meeting was held by former Indonesian president Susilo Bambang Yudhoyono with former Prime Minister of Australia Julia Gillard and former Timor-Leste Prime Minister Xanana Gusmao. The initiative aims to support economic, social, and cultural development primarily by attracting investment, developing manufacturing industries, enhancing human capital, and overall building a stronger cooperative relationship between the three countries involved. The initiative also aimed to accelerate the accession of Timor-Leste into the Association of Southeast Asian Nations (ASEAN) and to fulfill goals set by Timor-Leste's Strategic Development Plan, such as increasing the nation's economic prosperity and stability. The growth triangle is often misinterpreted as a free-trade zone; however, while there are elements of free trade agreements between Indonesia and Australia specifically, the terms of the growth triangle initiative are not directly linked to these free trade agreements, and the goals of the growth triangle do not specifically encompass free trade between the three nations.
