Constraints on Poverty Reduction Cooperation Under the Lancang-Mekong Cooperation Mechanism

Abstract

Poverty is the biggest problem standing in the way of economic development and political stability in the Mekong River sub-region. Multilateral poverty reduction cooperation in this sub-region has long been focused on stimulating economic growth through increased investment and foreign aid in such areas as environmental protection, health care, education, and vocational training. As a relatively new cooperative platform, the Lancang-Mekong Cooperation (LMC) mechanism has played an increasingly prominent role in sub-regional economic development and integration; and a joint task force has been set up to draw up multilateral initiatives and plans better tailored to local conditions and needs. Nonetheless, the LMC must increase its relevance and effectiveness in poverty reduction by complementing and coordinating with other existing sub-regional programs amid intensifying power competition in the broad Indo-Pacific region, while taking into account different national development philosophies as well as rising environmental and resource concerns.