17 October 2011From poverty to sustainability: People at the center of inclusive development This years International Day for the Eradication of Poverty focuses on people and their right to live with health, dignity and hope for the future. Lao PDRs recent record in improving living standards is impressive, with poverty rates falling from 46 percent of the population in 1992 to 27.6 percent in 2008. The current economic boom, averaging 7.9 percent growth annually over the last five years, provides an opportunity to further eradicate poverty. But to realize this, the investments fueling this growth must be sustainable and benefit the people. Helen Clark, UNDP Administrator, highlights the importance of this in todays message where she says, “Truly sustainable development for present and future generations must safeguard ecosystems while also enabling economic and social progress.” The fast-growing economy of Lao PDR is driven by Foreign Thriving market in Luang Direct Investment (FDI) primarily in the natural resource Prabang Photo:Silvia Jundt sectors. This growth places pressure on naturalecosystems and can lead to dramatic changes in land use. With the large majority of ruralLao people depending on natural resources for their food and incomes, these changes canhave a significant impact on their livelihoods.In Lao PDR the joint UN Development Programme (UNDP) and UN Environment Programme (UNEP)Poverty-Environment Initiative (PEI) works to improve the ability of the government to includeenvironmental and social concerns in investment planning and to effectively manage investmentsthrough the use of practical tools. The overall goal is to ensure that private investments generatemaximum benefits for local economies and that social and environmental safeguards are in place tominimize potentially negative impacts on local communities.According to Dechen Tsering, the Deputy Regional Director of Asia and the Pacific for the UNEnvironment Programme (UNEP), its critical that there is an open dialogue about the development ofthe country. “I think whats really important for the people of Lao PDR is for them to determine thekind of growth they want, the kind of quality and the livelihoods that they want for themselves. I amincreasingly encouraged that the government is working closely with the people so that they are ameaningful partner in this process.”In May 2011, the Investment Promotion Department of the Ministry of Planning and Investment (MPI)presented their new national investment strategy and a 2011-15 action plan. The strategy provides aframework to promote quality investments for Lao PDR and to strengthen coordination between allministries for effective management of domestic and foreign investments.The plan emphasizes the need to mobilize investments that will generate sufficient governmentrevenue to help finance social and human development, create sustainable jobs and incomes, transferskills and technology, create linkages with the domestic business sector, and safeguard theenvironment.Speaking at the launch of the strategy, Minh Pham, UNDP Resident Representative, reiterated theimportance of assessing and monitoring FDI, “Foreign direct investment clearly has a valuable role toplay in the future development of Lao PDR. But ensuring that FDI contributes to and at least does notharm the countrys development is of course not automatic. This will very much depend upon thequality of FDI selected and approved by the government.”For Manothong Vongsay, the Deputy Director General of the Investment Promotion Department, MPI,looking at the experience of other nations is vital. “To ensure the sustainability of growth we have tobe very careful and try to learn from the mistakes that other countries have made and try to avoid
these, especially as Laos is heavily dependent on natural resources.” He added that quality investments will generate job opportunities, transfer skills to local workers and have minimal impact on the environment. Ultimately quality investments will play a crucial role in ensuring Lao PDR makes the jump from poverty to sustainability through contributing to the implementation of the governments 7th National Socio-Economic Development Plan. The 7th development plan underscores the importance of, „achieving the Millennium Development Goals (MDGs), protecting the environment, maintaining political stability and peace, having an open economy integrated into the regional (ASEAN community) and world economy, and focusing on the quality of growth.Assignment #1:My name is Mr.Somphoun Paoxaichar and I’m a activist for FACEBOOK with the power of socialTechnology. The reason “ why I used this social media?” As very one knew that there are many socialmedias in the internet we can use which you want, it is very important for everyone if you know howto use it and very useful it has many important activities with your friends but if you couldn’tmanage yourself with social media you will lose everything on the way you are going on. So thatsince FACEBOOK had established on February 2004 it is very famous through the world and there aremany people use more than other social media, it’s going up higher than other although every socialmedia uses almost similar way, but why face book are more than, because it’s very easy to using,interface’s impressive, close up with your friend and more activities…Assignment#2:Event on 17 Oct 2011 In Laos (From poverty to sustainability) As we also know that on 17 Oct every year is International Day for Eradication of Poverty, somaybe every countries always does something important on that day. So in Laos, Helen Clark, UNDPAdministrator, highlights the importance of this where she says, “Truly sustainable development forpresent and future generations must safeguard ecosystems while also enabling economic and socialprogress.” The fast-growing economy of Lao PDR is driven by Foreign Direct Investment (FDI) primarilyin the natural resource sectors. This growth places pressure on natural ecosystems and can lead todramatic changes in land use. With the large majority of rural Lao people depending on naturalresources for their food and incomes, these changes can have a significant impact on theirlivelihoods. This years International Day for the Eradication of Poverty focuses on people and their rightto live with health, dignity and hope for the future. Lao PDRs recent record in improving living
standards is impressive, with poverty rates falling from 46 percent of the population in 1992 to 27.6percent in 2008.The current economic boom, averaging 7.9 percent growth annually over the last five years, providesan opportunity to further eradicate poverty.