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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Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Phnom Penh 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/en/099925001262213662/P1719580f183f60bb0ac1e01e64a9c905ea
http://hdl.handle.net/10986/36908
id okr-10986-36908
recordtype oai_dc
spelling 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
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