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
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.uri
http://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
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.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084c03d91_1_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)

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