The Economic Development Strategies of Sekong Province, Lao People’s Democratic Republic
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Abstract
The research article consisted of the following objectives: 1) to investigate the economic development conditions of Sekong Province in Lao PDR; 2) to develop the economic development strategies of Sekong Province in Lao PDR; and 3) to evaluate the economic development strategies conditions of Sekong Province in Lao PDR. The target group was divided into three phases, which included: 1) 70 administrative officials from the economic department who were involved in the formulation of economic policies for Sekong Province in Lao PDR; 2) 12 experts, including 4 administrative officials, 4 scholars, and 4 staff representatives; and 3) 20 experts for the evaluation of economic development strategies of Sekong Province in Lao PDR. The instruments used for the study were a questionnaire, an interview form, and a focus group discussion form. The statistics used were percentage, mean, standard deviation, and content analysis.
From the study, the following results were found: the aspect of economic development conditions with the highest level of mean was internal environment, while the aspect with the lowest level of mean was the operation results according to the Economic and Social Development Plan. There are 7 strategies economic development for Sekong Province in Lao PDR: 1) Developing subsistence agriculture into an export industry; 2) Developing Sekong Province into a province of foreign direct investment (FDI); 3) Promoting industrial processing into goods for domestic consumption and export; 4) Promoting Sekong Province as "tourism for all" province; 5) Transforming Sekong Province from a "land lock" to a "lank link"; 6) Budget protection, with an emphasis on efficiency and effectiveness; and 7) Maintaining a balanced environment and reducing the risk of natural disasters. From evaluting the economic development strategies conditions of Sekong Province in Lao PDR by experts, the strategies are of feasibility, propriety, and utility at the highest level.
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