Cambodia : Sustaining Strong Growth for the Benefit of All
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...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all http://hdl.handle.net/10986/27149 |
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okr-10986-271492021-06-14T10:11:01Z Cambodia : Sustaining Strong Growth for the Benefit of All World Bank Group DEVELOPMENT CHALLENGES ECONOMIC GROWTH POVERTY REDUCTION SHARED PROSPERITY AGRICULTURAL EXPANSION COMMODITY PRICES EXPORTS DEMOGRAPHIC DIVIDEND RISKS SUSTAINABILITY RESILIENT DEVELOPMENT 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. 2017-06-14T20:38:33Z 2017-06-14T20:38:33Z 2017-05-09 Report http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all http://hdl.handle.net/10986/27149 English en_US Systematic Country Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Systematic Country Diagnostic East Asia and Pacific Cambodia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
DEVELOPMENT CHALLENGES ECONOMIC GROWTH POVERTY REDUCTION SHARED PROSPERITY AGRICULTURAL EXPANSION COMMODITY PRICES EXPORTS DEMOGRAPHIC DIVIDEND RISKS SUSTAINABILITY RESILIENT DEVELOPMENT |
| spellingShingle |
DEVELOPMENT CHALLENGES ECONOMIC GROWTH POVERTY REDUCTION SHARED PROSPERITY AGRICULTURAL EXPANSION COMMODITY PRICES EXPORTS DEMOGRAPHIC DIVIDEND RISKS SUSTAINABILITY RESILIENT DEVELOPMENT World Bank Group Cambodia : Sustaining Strong Growth for the Benefit of All |
| geographic_facet |
East Asia and Pacific Cambodia |
| relation |
Systematic Country Diagnostic; |
| description |
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. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Cambodia : Sustaining Strong Growth for the Benefit of All |
| title_short |
Cambodia : Sustaining Strong Growth for the Benefit of All |
| title_full |
Cambodia : Sustaining Strong Growth for the Benefit of All |
| title_fullStr |
Cambodia : Sustaining Strong Growth for the Benefit of All |
| title_full_unstemmed |
Cambodia : Sustaining Strong Growth for the Benefit of All |
| title_sort |
cambodia : sustaining strong growth for the benefit of all |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/620151496155751423/Cambodia-Sustaining-strong-growth-for-the-benefit-of-all http://hdl.handle.net/10986/27149 |
| _version_ |
1764463957818474496 |