Publication: Entrepreneurial Cambodia: Cambodia Policy Note
Date
2018-07
ISSN
Published
2018-07
Author(s)
Ehst, Michael
Sak, Sambath
Sanchez Martin, Miguel Eduardo
Van Nguyen, Lan
Abstract
Entrepreneurship is multi-faceted, with
a range of factors influencing the success of
growth-oriented enterprises. A well-functioning
entrepreneurship ecosystem includes six pillars: skilled
human capital,well-functioning markets, an encouraging
policy environment, availability of financing,
anentrepreneurship-friendly culture, and supportive
entrepreneurship organizations and networks. This policy
note responds to a request from the government to assess the
current state of Cambodia’s entrepreneurship ecosystem and
to identify deficiencies that are holding back the success
of domestic enterprises. The note assesses Cambodia’s
performance across the six pillars of the entrepreneurship
ecosystem. Given the important role that innovation plays in
entrepreneurial outcomes, this note also includes a brief
analysis of Cambodia’s national innovation system. The note
provides recommendations for how the Cambodian government
can use policy to create amore robust system of support for
these domestic enterprises and the entrepreneurs who
establishand manage them. Given Cambodia’s struggle with the
missing middle of enterprises, this note focuses
particularly on policies to encourage thetypes of dynamic
small- and medium-enterprises (SMEs) that grow quickly and
can have a potentially transformational effect on the
economy. To provide some useful lessons on improving support
for entrepreneurship, the note also includes international
examples from countries, such as Singapore and Malaysia,
that started with a similar profile of FDI-led development
and, over time, have successfully putin place the conditions
necessary to nurture and grow a dynamic domestic private sector.
Citation
“Ehst, Michael; Sak, Sambath; Sanchez Martin, Miguel Eduardo; Van Nguyen, Lan. 2018. Entrepreneurial Cambodia: Cambodia Policy Note. © World Bank, Washington, DC. http://hdl.handle.net/10986/30924 License: CC BY 3.0 IGO.”