Laos - the Lao People's Democratic Republic - is one of the least understood and studied countries of Asia. Its development trajectory is also one of the most interesting, as it moves from state, or perhaps more appropriately subsistence, to market. Based on extensive original research, this book assesses how economic transition and marketisation are being translated into progress (or not) at the local level, and at the resulting impact on poverty, inequality and livelihoods. It concludes that the process of transition in fact contributes to the growth of poverty for some people, and shows how people manage to cope in very unfavourable circumstances.