According to the United Nations General Assembly, Cambodia and Laos belong to the group of the Least Developed Countries (LDCs) that are characterized as most severely hit by obstacles towards their development. In the following analysis, the underlying perspective is that of institutional economics, which states that underdevelopment is one result of an inefficient institutional framework. Against this background, the strategies both countries applied with the intention to upgrade from that status will be examined and assessed with regard to their institutional functionality.Biografía del autor:
Born 1987, B.A. Social Science, is research assistant at the Chair of International Relations at the Faculty of Social Science at Ruhr University Bochum. She worked six months for the Konrad-Adenauer-Stiftung at the Country Office Cambodia.
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