The sustainable development of Mekong, as well as its economic development, faces several issues that derail its success. The mighty Mekong faces conflicting pressures for developing its floodplains and harnessing its powerful flow. Agriculture is the primary economic activity along the river. Additionally, fish production, transportation, and electricity generation complement this. Challenges in the Greater Mekong, however, continues to hamper the sustainable goals. Cambodia, Laos, Thailand, and Vietnam signed an Agreement for the Sustainable Development of the Mekong River Basin in 1995. Lastly, the durable and economic development of Mekong requires the help of policies to guide them through the challenges ahead.
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THE ECONOMIC DEVELOPMENT OF THE MEKONG AND THE RISKS ON THE REGIONAL ECONOMY
The economic development of Mekong is one of the critical issues that need addressing. Economic growth in the Greater Mekong region depends on the Mekong River. However, unsustainable and uncoordinated development is pushing the river system to the brink. The challenges in the greater Mekong threatens the economy of the region and the very livelihood of the people. All economic activities in the area directly or indirectly link to the river. Therefore, the economy is vulnerable to any adverse changes to the river. The sustainable development of Mekong will only succeed through the achievement of the economic development goals
CHALLENGES IN THE GREATER MEKONG AND ITS EFFECT ON THE REGIONS SUSTAINABLE GROWTH
The challenges in the greater Mekong continue to affect both the economic and sustainable goals of the area. Sub-region provides essential revenue streams and contribute to the economic development of the region. Water resources support productive fisheries, and people harness it for hydropower energy production. Fertile soils and a favorable climate contribute to impressive agricultural yields. The sustainable development of Mekong relies on all these resources being shared equitably. However, economic benefits derived from these resources are rarely distributed equitably—leading to a short-term windfall for some. Finally, the successful economic development of Mekong leans on solutions to the challenges in the region.
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