Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum
The devastating impact of the Covid-19 pandemic on the Cambodian economy—where the growth slowdown was among the most pronounced in the East Asia and Pacific (EAP) region—lies in the country’s growth generating process. Recent growth has been remar...
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| Format: | Report |
| Language: | English |
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World Bank, Phnom Penh
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099925001262213662/P1719580f183f60bb0ac1e01e64a9c905ea http://hdl.handle.net/10986/36908 |
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okr-10986-369082022-02-03T05:10:33Z Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum World Bank EXPORT DIVERSIFICATION RESILIENT GROWTH LABOR PRODUCTIVITY STRUCTURAL TRANSFORMATION GLOBAL VALUE CHAIN AGRICULTURAL PRODUCTIVITY SERVICES TRADE GROWTH DRIVERS The devastating impact of the Covid-19 pandemic on the Cambodian economy—where the growth slowdown was among the most pronounced in the East Asia and Pacific (EAP) region—lies in the country’s growth generating process. Recent growth has been remarkable, but insufficiently diversified in products, markets, and factor inputs. The diversification problem is rooted in low and declining productivity; low quality and weak export linkages; and high foreign direct investment (FDI) but low domestic investment. Just when past success was fueling high ambitions for future growth—to become upper middle income by 2030 and high income by 2050—the pandemic threatens to put those targets out of reach. Cambodia’s policymakers have the opportunity to build a new and stronger growth path—by enabling productivity of firms and workers, diversifying exports, and harnessing domestic investment. But an ambitious reform agenda is needed—one that focuses on improving capabilities, strengthening regulations, and investing in infrastructure. 2022-02-02T15:22:43Z 2022-02-02T15:22:43Z 2021-12 Report http://documents.worldbank.org/curated/en/099925001262213662/P1719580f183f60bb0ac1e01e64a9c905ea http://hdl.handle.net/10986/36908 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Phnom Penh Economic & Sector Work Economic & Sector Work :: Country Economic Memorandum 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 |
| topic |
EXPORT DIVERSIFICATION RESILIENT GROWTH LABOR PRODUCTIVITY STRUCTURAL TRANSFORMATION GLOBAL VALUE CHAIN AGRICULTURAL PRODUCTIVITY SERVICES TRADE GROWTH DRIVERS |
| spellingShingle |
EXPORT DIVERSIFICATION RESILIENT GROWTH LABOR PRODUCTIVITY STRUCTURAL TRANSFORMATION GLOBAL VALUE CHAIN AGRICULTURAL PRODUCTIVITY SERVICES TRADE GROWTH DRIVERS World Bank Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| geographic_facet |
East Asia and Pacific Cambodia |
| description |
The devastating impact of the
Covid-19 pandemic on the Cambodian economy—where the growth
slowdown was among the most pronounced in the East Asia and
Pacific (EAP) region—lies in the country’s growth generating
process. Recent growth has been remarkable, but
insufficiently diversified in products, markets, and factor
inputs. The diversification problem is rooted in low and
declining productivity; low quality and weak export
linkages; and high foreign direct investment (FDI) but low
domestic investment. Just when past success was fueling high
ambitions for future growth—to become upper middle income by
2030 and high income by 2050—the pandemic threatens to put
those targets out of reach. Cambodia’s policymakers have the
opportunity to build a new and stronger growth path—by
enabling productivity of firms and workers, diversifying
exports, and harnessing domestic investment. But an
ambitious reform agenda is needed—one that focuses on
improving capabilities, strengthening regulations, and
investing in infrastructure. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| title_short |
Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| title_full |
Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| title_fullStr |
Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| title_full_unstemmed |
Resilient Development - A Strategy to Diversify Cambodia’s Growth Model : Cambodia Country Economic Memorandum |
| title_sort |
resilient development - a strategy to diversify cambodia’s growth model : cambodia country economic memorandum |
| publisher |
World Bank, Phnom Penh |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/en/099925001262213662/P1719580f183f60bb0ac1e01e64a9c905ea http://hdl.handle.net/10986/36908 |
| _version_ |
1764486142709727232 |