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Mar 05, 2002· Investors flooded in, but the onset of the Asian financial crisis in mid-1997 put an end to the boom. In 1999, foreign investment inLaosfell to $51.5 million from $379.7 million in 1997.
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Get PriceThe government ofLaos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986. Economic growth averaged more than 6% per year in the period 1988-2008, andLaos' growth has more recently been amongst the fastest inAsia, averaging more than 7% per year for most of the last ...
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