Laos has been ranked the most efficient country in Asean for turning the building blocks of creativity into tangible innovations that benefit their economies, according to a new ABD funded study.
The bank and the Economist Intelligence Unit launched the new Creative Productivity Index in Manila last week, aiming to give policymakers in Asia a tool to assess how best to foster innovation and creativity in the regional economies.
According to the index, Laos is ranked the 9th country out of the total 24 economies around the world, becoming the top country in Asean. Singapore is ranked 10th country, Indonesia is the 12th ranked country and Malaysia is ranked 13th country. Thailand, Vietnam, Philippines, Myanmar and Cambodia are ranked 15th, 16th, 18th, 22nd and 24th respectively. The top seven countries in the index are Japan, Finland, Republic of Korea, United States, Taipei, New Zealand and Hong Kong.
The index uses 36 indicators to measure capacity and incentives for innovation, including how many global top 500 universities a country has, the urbanisation rate and spending on research and development. The number of patents filed, value added to agricultural commodities and the number of books and films produced are also among the eight indicators of creative production used. “As countries seek to innovate to avoid middle-income traps, all governments especially those with limited resources need to be sure that their investments boost both efficiency and productivity, benefiting their economies and people, and move to a knowledge-based economy,” Vice President for Knowledge Management and Sustainable Development at ADB Bindu N. Lohani said as quoted in a media release from the bank.
Creative productivity is an important attribute for knowledge-based economic development and the new index gives policymakers a unique tool to assess how to best foster innovation and creativity. While measures will differ by country, policies that make it easier to set up businesses and create flexible labour markets would benefit everyone, as would greater investment in education, skills, information and communication technologies, as well as internet access.
Sound economic development policy of the Lao government may also attract survey makers to put the nation on top of the index. Over the past five years, the Lao economy’s growth rate has been at least 7.5 percent a year thanks to the government policy to use natural resources such as mining and hydropower to help fund and develop human resource and other sectors. The government also has a policy to process natural resources before export to world markets as part of efforts to add more value. The country has also opened a number of special economic zones, allowing the private sector to take part in zone management as the government had no budget to build infrastructure in the sector.
The complete rankings from one to 24 are: Japan, Finland, South Korea, United States, Taiwan, New Zealand, Hong Kong, Australia, Laos, Singapore, China, Indonesia, Malaysia, India, Thailand, Vietnam, Kazakhstan, Philippines, Sri Lanka, Bangladesh, Fiji, Myanmar, Pakistan and Cambodia.
By Ekaphone Phouthonesy (Latest Update September 17, 2014)
Don't try too much to boast about this. Laos ahead of Singapore and Malaysia???? Can you look at the difference in standard of living, GDP per capita, and human development index between Laos and those countries?
Don't try too much to boast about this. Laos ahead of Singapore and Malaysia???? Can you look at the difference in standard of living, GDP per capita, and human development index between Laos and those countries?
Have a good read on the news, dog fuucker, the standards used in indexes are different because people are not the same. Like you are rich but you never donate while I am poor but I donate as much as I can.
Learn more about the system before you throw out the stupidity.
36 indicators include global top 500 universities...
Hahahaha.... Laos has no university on top 500 list.
Stupid idiot!
Everything is put together. Missing one thing does not mean you lose. Only 1 bad in 35 good means nearly perfect and it is good enough to get the ranking.
Laos has been ranked the most efficient country in Asean for turning the building blocks of creativity into tangible innovations that benefit their economies, according to a new ABD funded study.
The bank and the Economist Intelligence Unit launched the new Creative Productivity Index in Manila last week, aiming to give policymakers in Asia a tool to assess how best to foster innovation and creativity in the regional economies.
According to the index, Laos is ranked the 9th country out of the total 24 economies around the world, becoming the top country in Asean. Singapore is ranked 10th country, Indonesia is the 12th ranked country and Malaysia is ranked 13th country. Thailand, Vietnam, Philippines, Myanmar and Cambodia are ranked 15th, 16th, 18th, 22nd and 24th respectively. The top seven countries in the index are Japan, Finland, Republic of Korea, United States, Taipei, New Zealand and Hong Kong.
The index uses 36 indicators to measure capacity and incentives for innovation, including how many global top 500 universities a country has, the urbanisation rate and spending on research and development. The number of patents filed, value added to agricultural commodities and the number of books and films produced are also among the eight indicators of creative production used. “As countries seek to innovate to avoid middle-income traps, all governments especially those with limited resources need to be sure that their investments boost both efficiency and productivity, benefiting their economies and people, and move to a knowledge-based economy,” Vice President for Knowledge Management and Sustainable Development at ADB Bindu N. Lohani said as quoted in a media release from the bank.
Creative productivity is an important attribute for knowledge-based economic development and the new index gives policymakers a unique tool to assess how to best foster innovation and creativity. While measures will differ by country, policies that make it easier to set up businesses and create flexible labour markets would benefit everyone, as would greater investment in education, skills, information and communication technologies, as well as internet access.
Sound economic development policy of the Lao government may also attract survey makers to put the nation on top of the index. Over the past five years, the Lao economy’s growth rate has been at least 7.5 percent a year thanks to the government policy to use natural resources such as mining and hydropower to help fund and develop human resource and other sectors. The government also has a policy to process natural resources before export to world markets as part of efforts to add more value. The country has also opened a number of special economic zones, allowing the private sector to take part in zone management as the government had no budget to build infrastructure in the sector.
The complete rankings from one to 24 are: Japan, Finland, South Korea, United States, Taiwan, New Zealand, Hong Kong, Australia, Laos, Singapore, China, Indonesia, Malaysia, India, Thailand, Vietnam, Kazakhstan, Philippines, Sri Lanka, Bangladesh, Fiji, Myanmar, Pakistan and Cambodia.
By Ekaphone Phouthonesy (Latest Update September 17, 2014)
Man, look like Asian Development Bank (ADB) cook the Book.
Out of South East Asian Nations, Laos side by side with Cambodia in economy developing never mind compare to Singapore and Malay, We are still way and ways behind Thailand and Vietnam... So, what ADB do is: They go by GDP of each countries plus good and services that's how our country ended up on top of some of the well developing country. But, in reality. Laos always on the Bottom of every country in SEA even Cambodia is kinda going a head of Us Laos now.
Man, look like Asian Development Bank (ADB) cook the Book.
Out of South East Asian Nations, Laos side by side with Cambodia in economy developing never mind compare to Singapore and Malay, We are still way and ways behind Thailand and Vietnam... So, what ADB do is: They go by GDP of each countries plus good and services that's how our country ended up on top of some of the well developing country. But, in reality. Laos always on the Bottom of every country in SEA even Cambodia is kinda going a head of Us Laos now.
I know, you know and the world knows that Laos is to far behind the Asean countries and the world.
But let me ask you one question - do you understand and what Creative Productivity Index is?
Man, look like Asian Development Bank (ADB) cook the Book.
Out of South East Asian Nations, Laos side by side with Cambodia in economy developing never mind compare to Singapore and Malay, We are still way and ways behind Thailand and Vietnam... So, what ADB do is: They go by GDP of each countries plus good and services that's how our country ended up on top of some of the well developing country. But, in reality. Laos always on the Bottom of every country in SEA even Cambodia is kinda going a head of Us Laos now.
Asian Development Bank or the Wolrd Bank have also analyisised and predict that Lao can be robot economy in near the future due to georghaphy locate in center and alot minerals natural resources. For example, when project "Battery of Asia" if Lao complet those projects and Lao will get richest than Thailand by sales energy to neighbors country around regions.
Don't try too much to boast about this. Laos ahead of Singapore and Malaysia???? Can you look at the difference in standard of living, GDP per capita, and human development index between Laos and those countries?
Have a good read on the news, dog fuucker, the standards used in indexes are different because people are not the same. Like you are rich but you never donate while I am poor but I donate as much as I can.
Learn more about the system before you throw out the stupidity.
I understood what I read before I replied. It's you stupid idiot who have no logical understanding of what I said.
Man, look like Asian Development Bank (ADB) cook the Book.
Out of South East Asian Nations, Laos side by side with Cambodia in economy developing never mind compare to Singapore and Malay, We are still way and ways behind Thailand and Vietnam... So, what ADB do is: They go by GDP of each countries plus good and services that's how our country ended up on top of some of the well developing country. But, in reality. Laos always on the Bottom of every country in SEA even Cambodia is kinda going a head of Us Laos now.
Asian Development Bank or the Wolrd Bank have also analyisised and predict that Lao can be robot economy in near the future due to georghaphy locate in center and alot minerals natural resources. For example, when project "Battery of Asia" if Lao complet those projects and Lao will get richest than Thailand by sales energy to neighbors country around regions.
Yeahh our country has a lots of Natural resources. But, are you gonna depending only selling our Natural resources ? Yeahh, our country might be or could have been a Battery of Asia. But, Are we going to keep building all the Dams around every Rivers we have had ? Even if we are the Battery of Asia. That doesn't mean we lao people pay cheap electricity because all investors is foreign company for the next 20-30 years.
I'd like to see more improve on our education. We have to build our strong foundation first, Mean educated our next generations and improve and impower our people teach them know how.
CPI is just a policy that ADB layed it out for Laos government to follow... If laos follow they ADB believe Laos would get out of the Poorest list in Asian country.
Do you really believe that ?
-Sony known as Made in Japan.
-Hyundai known as made in Korea Republic of the South.
-Ford and GM known as American made cars and Trucks.
- Thailand known as the best destination for the tourist.
-Singapore is known as a financial Hub of South east asia and the rest of the world too.
So know, you tell me What is our belove country '' LAOS'' known of ?
How many well known or top Colleges or University in our country that matches international standard ?
How many top research center do we have in our country ?
What is the best known products do we invented ?
I was born and raised in Laos. Yes, of course i love to see our country move forward economically, prosperity, Universal healthcare free education and and all that. But, How we are going to do that !
Yeahh our country has a lots of Natural resources. But, are you gonna depending only selling our Natural resources ? Yeahh, our country might be or could have been a Battery of Asia. But, Are we going to keep building all the Dams around every Rivers we have had ? Even if we are the Battery of Asia. That doesn't mean we lao people pay cheap electricity because all investors is foreign company for the next 20-30 years.
I'd like to see more improve on our education. We have to build our strong foundation first, Mean educated our next generations and improve and impower our people teach them know how.
CPI is just a policy that ADB layed it out for Laos government to follow... If laos follow they ADB believe Laos would get out of the Poorest list in Asian country.
Do you really believe that ?
-Sony known as Made in Japan.
-Hyundai known as made in Korea Republic of the South.
-Ford and GM known as American made cars and Trucks.
- Thailand known as the best destination for the tourist.
-Singapore is known as a financial Hub of South east asia and the rest of the world too.
So know, you tell me What is our belove country '' LAOS'' known of ?
How many well known or top Colleges or University in our country that matches international standard ?
How many top research center do we have in our country ?
What is the best known products do we invented ?
I was born and raised in Laos. Yes, of course i love to see our country move forward economically, prosperity, Universal healthcare free education and and all that. But, How we are going to do that !
You want see those thing becomes reality, you have to tell the government to fight corruption and save money to build the country's future and I know it is impossible to be that because the leaders who run the country don't know what they are doing since they opened up the country to world. Lao earned billions of money in US. dollars per year from tourists, sale nutural resources like gold, copper, energy and so on. And we don't know what the gov. is doing that money. The center government or whoever is in charge of financial institution has to be strong and forsee all finance leakage and money laundering inter government patry. According to Lao's economy has continued growth 6-7.5 percent every years more than neighborhoods in the region and the government still short of bugets every time. Think this way, when the economy is growing the country must earned high income each year, and the govermnent has to have the money to inject into economy that makes country gets richer. Lao has protential to get rich because has rich it's natural resource and beautiful landscap, but I don't know party governments run country for themselve and their family for getting rich and remain in power for many year to come, in stead, governments help to rescure the country and the people out of poverty first. The finances leakage and money laudering between party government that kills government's bugets shortfall and cannot to build of anything you just mention above these.
Yeahh our country has a lots of Natural resources. But, are you gonna depending only selling our Natural resources ? Yeahh, our country might be or could have been a Battery of Asia. But, Are we going to keep building all the Dams around every Rivers we have had ? Even if we are the Battery of Asia. That doesn't mean we lao people pay cheap electricity because all investors is foreign company for the next 20-30 years.
I'd like to see more improve on our education. We have to build our strong foundation first, Mean educated our next generations and improve and impower our people teach them know how.
CPI is just a policy that ADB layed it out for Laos government to follow... If laos follow they ADB believe Laos would get out of the Poorest list in Asian country.
Do you really believe that ?
-Sony known as Made in Japan.
-Hyundai known as made in Korea Republic of the South.
-Ford and GM known as American made cars and Trucks.
- Thailand known as the best destination for the tourist.
-Singapore is known as a financial Hub of South east asia and the rest of the world too.
So know, you tell me What is our belove country '' LAOS'' known of ?
How many well known or top Colleges or University in our country that matches international standard ?
How many top research center do we have in our country ?
What is the best known products do we invented ?
I was born and raised in Laos. Yes, of course i love to see our country move forward economically, prosperity, Universal healthcare free education and and all that. But, How we are going to do that !
You want see those thing becomes reality, you have to tell the government to fight corruption and save money to build the country's future and I know it is impossible to be that because the leaders who run the country don't know what they are doing since they opened up the country to world. Lao earned billions of money in US. dollars per year from tourists, sale nutural resources like gold, copper, energy and so on. And we don't know what the gov. is doing that money. The center government or whoever is in charge of financial institution has to be strong and forsee all finance leakage and money laundering inter government patry. According to Lao's economy has continued growth 6-7.5 percent every years more than neighborhoods in the region and the government still short of bugets every time. Think this way, when the economy is growing the country must earned high income each year, and the govermnent has to have the money to inject into economy that makes country gets richer. Lao has protential to get rich because has rich it's natural resource and beautiful landscap, but I don't know party governments run country for themselve and their family for getting rich and remain in power for many year to come, in stead, governments help to rescure the country and the people out of poverty first. The finances leakage and money laudering between party government that kills government's bugets shortfall and cannot to build of anything you just mention above these.
ah.. you dumb@! my beautiful LAOS no need to be like Korea.Japan or like idiot Amer..Laos's just what Laos is! and Laos will be o.k just like Swiss orLuxemburg!
ah.. you dumb@! my beautiful LAOS no need to be like Korea.Japan or like idiot Amer..Laos's just what Laos is! and Laos will be o.k just like Swiss orLuxemburg!
You must be crack head or Yaba head don't want to hear thing and learn thing what people have to say and you eat alot shi***lt split your mount to other people coments here.
ah.. you dumb@! my beautiful LAOS no need to be like Korea.Japan or like idiot Amer..Laos's just what Laos is! and Laos will be o.k just like Swiss orLuxemburg!
You must be crack head or Yaba head don't want to hear thing and learn thing what people have to say and you eat alot shi***lt split your mount to other people coments here.
As i said earlier. Why would you waste your time with this kinda people ? He/she didn't even read the whole messages and just jump right on insulted people...
The other person didn't even mention Korea or Japan at all. But, he/she brought it up 555.
He/She must be rich kids from wealthy family in Laos or some dumbass from USA...
Their English might not be perfect. But, at least they're debated on the Issues and gave out their opinion on their country.
What about you ? beside un-productive and pathetic comment from you !!! Don't around and bark at them, doing something.
What can you do or say much about a High School grade ? the guy just acted like Pony kno it all, or otherwise, he/she would debated you guys on the issues if he kno.
Don't get mad them, this person just try promotion Lao langlish for Lao next generation. It is very good to stop those Lao idiot people write in Thai and English.