Report

Cambodia : Sustaining Strong Growth for the Benefit of All

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collection.link.289
https://openknowledge.worldbank.org/handle/10986/23099
collection.name.289
Systematic Country Diagnostics
dc.contributor.author
World Bank Group
en_US
dc.date.accessioned
2017-06-14T20:38:33Z
en_US
dc.date.available
2017-06-14T20:38:33Z
en_US
dc.date.issued
2017-05-09
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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_US
dc.identifier.uri
http://hdl.handle.net/10986/27149
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dc.language
English
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dc.language.iso
en_US
en_US
dc.publisher
World Bank, Washington, DC
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dc.relation.ispartofseries
Systematic Country Diagnostic;
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dc.rights
CC BY 3.0 IGO
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dc.rights.holder
World Bank
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
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dc.subject
DEVELOPMENT CHALLENGES
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dc.subject
ECONOMIC GROWTH
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dc.subject
POVERTY REDUCTION
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dc.subject
SHARED PROSPERITY
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dc.subject
AGRICULTURAL EXPANSION
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dc.subject
COMMODITY PRICES
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dc.subject
EXPORTS
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dc.subject
DEMOGRAPHIC DIVIDEND
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dc.subject
RISKS
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dc.subject
SUSTAINABILITY
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dc.subject
RESILIENT DEVELOPMENT
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dc.title
Cambodia
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dc.title.subtitle
Sustaining Strong Growth for the Benefit of All
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dc.type
Report
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okr.date.disclosure
2017-05-30
en_US
okr.doctype
Systematic Country Diagnostic
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okr.docurl
http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all
en_US
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084c03d91_1_0
en_US
okr.identifier.internaldocumentum
27520556
en_US
okr.identifier.report
115189
en_US
okr.imported
true
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okr.pdfurl
http://documents.worldbank.org/curated/en/620151496155751423/pdf/Cambodia-SCD-May-9-SEPCO-05242017.pdf
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okr.region.administrative
East Asia and Pacific
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okr.region.country
Cambodia
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okr.topic
Macroeconomics and Economic Growth :: Commodities
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okr.topic
Macroeconomics and Economic Growth :: Economic Policy, Institutions and Governance
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okr.topic
Poverty Reduction :: Achieving Shared Growth
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okr.topic
Poverty Reduction :: Poverty Diagnostics
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okr.topic
Poverty Reduction :: Poverty Monitoring & Analysis
en_US
okr.unit
GMF - East Asia and Pacific 1 (GMF02)
en_US

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