Based on the above findings, it can be concluded that Laos has largely been following
the neoclassical path of comparative advantages. The industrialization in Laos, as indicated by
her revealed comparative advantages, is still in the early stage with a dominance of some
resource-based and labor-intensive industries. The country could, however, use these
industries as a base for her industrialization process. Laos is in need of better infrastructure –both physical and institutional, adequate human resources and the like, to be able to develop
such industries and sectors which have the potential for export (e.g. footwear, more
sophisticated garment products, and processed mining products). Also, appropriate and sound
trade and industrial policies should be put in place to realize the potential of such industries,and thereby diversifying the country‟s exports and moving to higher value-added products.