Develop a Global Partnership for Development
Without key partnerships between rich and poor countries, the previous 7 Goals may not be achievable. Great opportunities for growth and development exist in today's fast-changing global economy, but many poor countries have been left behind, lacking access to new technologies as well as the resources to participate in the globalization process. Recent international events clearly show that poverty/unequal distribution of wealth affects peace and order in the world societies and can affect developed countries. In order to achieve all Goals, a new global partnership for development—based on stronger policies, good governance and a real sense of shared responsibility—among stakeholders in both rich and poor countries is crucial.
The Lao economy remains significantly dependent on official development assistance (ODA). In 2001/02, bilateral and multilateral donors disbursed a total of US$389.62 million to the Lao PDR. Of this, 29% was directed towards health, education and social welfare. The Lao PDR relies for exports on natural resources, particularly hydropower and forestry, although garments are growing in significance. Almost half of all imports are consumer goods, bought by the private sector, with much of the remaining imports consisting of capital goods and inputs for the garments industry. The private sector is beginning to grow more rapidly particularly in privately operated agricultural activities. The main trading partners are its neighbours, Vietnam and Thailand. Engagement farther afield, both regionally and globally, is difficult due to both geographic and economic constraints. However, the country is making efforts to integrate further into ASEAN and has applied for admission to the WTO. Significant efforts will be required to ensure appropriate and equitable sustainability and growth.
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