What have global institutions been supporting that favours a ‘globalising’ world?
- Deregulation (removing restrictions on the flow of the capital)
- Privatisation (allowing foreign ownership of assets/resources/industry)
- Reducing state involvement (in businesses and reduction of taxes)
What has been invested on/exported from Laos from foreign businesses?
- Mining (copper and gold)
- Hydroelectric power
Which river is a source for hydroelectric power (HEP)?
Hydroelectric power plants are placed along the Mekong river tributaries.
How many people work in agriculture (%)?
75% of people work in agriculture.
Which country buys electricity from Laos?
Most of the electricity has been exported to Thailand.
What is the significance of seasonal water flow?
Seasonal water flow affects the growth of rice.
What prohibits Laos from buying much?
People cannot afford to buy the goods they make as the workforce is small and mainly unskilled.
Which country has control over Laos?
China has (the most) control over Laos.
How much debt could Laos have been in, and to whom?
Laos could have been in debt to China for $7bn.
Why would Laos have been in debt?
They would have been in debt due to the railway link to China. This was built by China, and the money invested in the project was borrowed from banks in China.
What would Laos benefit from if they were to join the WTO?
- Laos won’t have to depend so much on China.
- Foreign companies are more likely to come to Laos, make investments, create jobs and manufacture goods that can be exported. This in turn will generate income for the country.
What is the role of the World Trade Organisation (WTO)?
They reduce tariffs and quotas, making it easier to import and export goods. They also negotiate trade agreements. This ensues more ease for developing countries to trade, or develop. (Doha Round)