The Greater Mekong Sub-region Economic Cooperation And Development Of Laos

Since the end of the 20th century, along with the globalization of the world economy and regional economic integration, a constant wave of development, sub-region economic cooperation forms appear as a progressive development of economic globalization and regional integration complementary forms in the world. In Southeast Asia, there is a large and diverse form of sub-region cooperation model too, which revolves around the Mekong river Basin development cooperation. From it have emerged different mechanisms of cooperation. The "Greater Mekong Sub-region Economic Cooperation (GMS) mechanism" is a comprehensive development mechanism which is supported by the Asian Development Bank .This mechanism was established by the Asian Development Bank in 1992, it is one of the largest and most effective cooperative mechanisms to promote sub-region cooperation in the Mekong basin River-starting. The cooperation involves six countries, including the basin of Myanmar, Laos, Yunnan Province of China, Thailand, Cambodia and Vietnam and is aimed at strengthening the adoption of the economic link among member states to promote regional economic and social development. The GMS is based on equality, mutual trust and a mutual benefit basis. It is a pragmatic mechanism from which developing countries gets mutually beneficial cooperation, joint-mechanism, and a strengthening of economic links through the promotion of regional economic and social development. Cooperation covers eight fields such as: transportation, communication, energy, tourism, environment, human resources development, trade and investment, interdiction of drugs production.Laos is located in the Mekong basin region center and is surrounded by the five states of the region that is why Laos is known as Southeast Asia region route and GMS center. These give Laos a very important strategic advantage because the countries of the region must go through the intersection. Laos is an...