Cambodia: Sustaining Strong Growth for the Benefit of All

doi:10.1596/27149

Publication:
Cambodia: Sustaining Strong Growth for the Benefit of All

dc.contributor.author	World Bank Group
dc.date.accessioned	2017-06-14T20:38:33Z
dc.date.available	2017-06-14T20:38:33Z
dc.date.issued	2017-05-09
dc.description.abstract	Cambodia has become one of the world’s leaders in poverty reduction and shared prosperity. Cambodia sustained an average growth rate of 7.6 percent in 1994-2015, ranking sixth in the world, and has now become a lower middle-income economy. Cambodia’s success has ridden on employment creation, although labor productivity gains have been lower than in other fast-growing economies, partly due to lower capital intensity. Growth has also been driven to a large extent by the country’s rich and diverse natural capital which supports the livelihoods of millions of Cambodians. Going forward, Cambodia may not be able to rely on the same factors that drove strong growth and poverty reduction over the past two decades. Declining external competitiveness threatens the sustainability of garments and tourism and poses a challenge to economic diversification and moving up the value chain. A number of institutional, human capital, and, to a lesser extent, infrastructure constraints hamper competitiveness as well as the creation of a vibrant private sector in Cambodia. In light of these challenges and risks, areas of development for ensuring strong, inclusive, and sustainable growth with shared prosperity in Cambodia going forward were identified, based on analysis and consultations with stakeholders. The areas for development were ranked based on the impact interventions will have on maintaining strong and sustainable growth and achieving poverty reduction and shared prosperity, in terms of creating and enhancing households’ participation in better economic opportunities, the share of the population affected, and complementarity with other interventions.	en
dc.identifier	http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all
dc.identifier.doi	10.1596/27149
dc.identifier.uri	https://hdl.handle.net/10986/27149
dc.language	English
dc.language.iso	en_US
dc.publisher	World Bank, Washington, DC
dc.relation.ispartofseries	Systematic Country Diagnostic;
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	DEVELOPMENT CHALLENGES
dc.subject	ECONOMIC GROWTH
dc.subject	POVERTY REDUCTION
dc.subject	SHARED PROSPERITY
dc.subject	AGRICULTURAL EXPANSION
dc.subject	COMMODITY PRICES
dc.subject	EXPORTS
dc.subject	DEMOGRAPHIC DIVIDEND
dc.subject	RISKS
dc.subject	SUSTAINABILITY
dc.subject	RESILIENT DEVELOPMENT
dc.title	Cambodia	en
dc.title.subtitle	Sustaining Strong Growth for the Benefit of All	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.associatedcontent	https://openknowledge.worldbank.org/handle/10986/40945 SCD2, January 2024
okr.crossref.title	Cambodia
okr.date.disclosure	2017-05-30
okr.doctype	Systematic Country Diagnostic
okr.docurl	http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all
okr.guid	533371502293221112
okr.guid	404071502293127584
okr.guid	620151496155751423
okr.identifier.doi	10.1596/27149
okr.identifier.externaldocumentum	090224b084d78100_2_0
okr.identifier.internaldocumentum	27520556
okr.identifier.report	115189
okr.imported	true
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/620151496155751423/pdf/Cambodia-SCD-May-9-SEPCO-05242017.pdf	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Cambodia
okr.topic	Macroeconomics and Economic Growth::Commodities
okr.topic	Macroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topic	Poverty Reduction::Achieving Shared Growth
okr.topic	Poverty Reduction::Poverty Diagnostics
okr.topic	Poverty Reduction::Poverty Monitoring & Analysis
okr.unit	GMF - East Asia and Pacific 1 (GMF02)