Productivity gains – Countries will witness
significant productivity gains. In Cambodia,
Indonesia, Lao People’s Democratic Republic,
Thailand and Viet Nam, for example, output
per worker could double. This would help the
CLMV countries compete in global markets
through higher productivity rather than on
the basis of low wages. Meanwhile, Malaysia
and Thailand could climb to the next rung in
the development ladder and reach high-income
status, avoiding a middle-income trap.