Cambodia - Sustaining Rapid Growth in a Challenging Environment : Country Economic Memorandum

World Bank

dc.creator	World Bank
dc.date	2012-03-19T17:25:25Z
dc.date	2012-03-19T17:25:25Z
dc.date	2009-01-01
dc.date.accessioned	2023-02-17T20:48:02Z
dc.date.available	2023-02-17T20:48:02Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091202232805
dc.identifier	http://hdl.handle.net/10986/3142
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243477
dc.description	Many countries succeed in generating high economic growth at some point in their history. But only a very few manage to sustain rapid growth for an extended period. Only such a prolonged period of rapid growth can have a significant impact on income per capita, and such an impact often brings with it many other important changes to people's lives. Cambodia has more than doubled its income per capita over the past decade, from US$285 in 1997 to US$593 in 2007. This doubling has been accompanied by the trappings of a profound structural transformation: integration into the global economy; a shift of jobs from agriculture to manufacturing; a demographic transition; and migration from rural to urban areas. Translating into jobs and better services, these outcomes have led to a significant reduction in poverty, as well as improvements in health and education. This report aims to contribute to policymakers' and citizens' thinking about growth in Cambodia in three ways: (i) it reviews the experience of the past decade and draws the Cambodia-specific lessons of this period; (ii) it sketches the major potential sources of growth with the aim of assessing the barriers to growth; and (iii) it outlines policy options for addressing these barriers.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ADVANCED COUNTRIES
dc.subject	ADVERSE IMPACT
dc.subject	AGRICULTURE
dc.subject	ARABLE LAND
dc.subject	ASSETS
dc.subject	BALANCE OF PAYMENTS
dc.subject	BANK DEPOSITS
dc.subject	BANK ENTRY
dc.subject	BANK LENDING
dc.subject	BANK LOAN
dc.subject	BANKING SUPERVISION
dc.subject	BANKING SYSTEM
dc.subject	BARRIERS TO GROWTH
dc.subject	BROAD MONEY
dc.subject	BUSINESS ENVIRONMENT
dc.subject	CAPITAL ACCOUNTS
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL GAIN
dc.subject	CAPITAL INFLOWS
dc.subject	CLIMATE CHANGE
dc.subject	COLLATERAL
dc.subject	COLLATERAL REQUIREMENTS
dc.subject	COLLECTIVE ACTION
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANKING
dc.subject	COMMERCIAL BANKS
dc.subject	COMMODITIES
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPETITIVENESS
dc.subject	CONSUMER PRICE INDEX
dc.subject	CONSUMERS
dc.subject	COST OF CAPITAL
dc.subject	COST-BENEFIT ANALYSES
dc.subject	CREATION OF JOBS
dc.subject	CREDIT BUREAU
dc.subject	CREDIT FACILITY
dc.subject	CREDIT INFORMATION SYSTEM
dc.subject	DEBT
dc.subject	DECISION TREE
dc.subject	DEFLATORS
dc.subject	DEMOGRAPHIC
dc.subject	DEMOGRAPHIC TRANSITION
dc.subject	DEMOGRAPHICS
dc.subject	DEPOSIT
dc.subject	DEPOSIT RATES
dc.subject	DEVELOPED COUNTRIES
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT STRATEGY
dc.subject	DISTORTED INCENTIVES
dc.subject	DIVIDEND
dc.subject	DIVIDENDS
dc.subject	DOMESTIC ECONOMY
dc.subject	DOMESTIC MARKET
dc.subject	DURABLE
dc.subject	DURABLE EQUIPMENT
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC SITUATION
dc.subject	ENVIRONMENTAL
dc.subject	ENVIRONMENTAL CONCERNS
dc.subject	ENVIRONMENTAL STANDARDS
dc.subject	EQUITY FUNDS
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXPORT SECTOR
dc.subject	EXPORTS
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL PRODUCTS
dc.subject	FINANCIAL RESOURCES
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SECTOR DEVELOPMENT
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SYSTEM
dc.subject	FISCAL DEFICIT
dc.subject	FISCAL POLICY
dc.subject	FISH
dc.subject	FISHERIES
dc.subject	FIXED CAPITAL
dc.subject	FIXED INVESTMENT
dc.subject	FOOD POLICY RESEARCH
dc.subject	FOOD PRICES
dc.subject	FOREIGN ASSETS
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTOR
dc.subject	FORESTRY
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL FINANCIAL MARKETS
dc.subject	GLOBAL TRADE
dc.subject	GOOD GOVERNANCE
dc.subject	GOVERNANCE MECHANISMS
dc.subject	GOVERNMENT INTERVENTIONS
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROSS FIXED CAPITAL FORMATION
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	HUMAN CAPITAL
dc.subject	INCOME
dc.subject	INFLATION
dc.subject	INFLATIONARY PRESSURES
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INSTRUMENT
dc.subject	INSURANCE
dc.subject	INTEREST INCOME
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL FINANCIAL MARKETS
dc.subject	INTERNATIONAL INVESTOR
dc.subject	INTERNATIONAL LABOUR ORGANIZATION
dc.subject	INTERNATIONAL RESERVES
dc.subject	INTERNATIONAL TRADE
dc.subject	INVENTORIES
dc.subject	INVESTING
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT FLOWS
dc.subject	JOB CREATION
dc.subject	LABOR MARKET
dc.subject	LABOR PRODUCTIVITY
dc.subject	LABOR STANDARDS
dc.subject	LEGAL FRAMEWORK
dc.subject	LIBERALIZATION
dc.subject	LIVING STANDARDS
dc.subject	LOCAL CURRENCY
dc.subject	LOGGING
dc.subject	MACROECONOMIC CONDITIONS
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC PERFORMANCE
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC POLICY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC UNCERTAINTY
dc.subject	MICRO-FINANCE
dc.subject	MIDDLE INCOME COUNTRY
dc.subject	MISMANAGEMENT
dc.subject	MONETARY POLICY
dc.subject	NATIONAL BANK
dc.subject	NATURAL RESOURCES
dc.subject	NET EXPORTS
dc.subject	NEW MARKETS
dc.subject	NEW PRODUCTS
dc.subject	NON-PERFORMING LOANS
dc.subject	OIL
dc.subject	OPEN ECONOMY
dc.subject	OVERVALUATION
dc.subject	PAYMENTS SYSTEM
dc.subject	PER CAPITA INCOME
dc.subject	PER CAPITA INCOMES
dc.subject	POLICY ENVIRONMENT
dc.subject	POLICY INSTRUMENTS
dc.subject	POLICY MAKERS
dc.subject	POLITICAL PLATFORM
dc.subject	POLITICAL STABILITY
dc.subject	POLLUTION
dc.subject	POTENTIAL INVESTMENTS
dc.subject	PRICE DISTORTION
dc.subject	PRIVATE EQUITY
dc.subject	PRIVATE INVESTMENT
dc.subject	PRIVATE SECTOR DEVELOPMENT
dc.subject	PRODUCERS
dc.subject	PRODUCTION COSTS
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PUBLIC GOODS
dc.subject	PUBLIC-PRIVATE PARTNERSHIP
dc.subject	QUOTAS
dc.subject	RAPID DEVELOPMENT
dc.subject	RAPID GROWTH
dc.subject	RATE OF GROWTH
dc.subject	RATE OF INVESTMENT
dc.subject	RATES OF RETURNS
dc.subject	REAL ESTATE
dc.subject	REAL INTEREST
dc.subject	REAL INTEREST RATES
dc.subject	RED TAPE
dc.subject	REGIONAL INTEGRATION
dc.subject	REGIONAL TRADE
dc.subject	REGRESSION ANALYSIS
dc.subject	REGULATORY FRAMEWORK
dc.subject	REPUTATION
dc.subject	RESERVE REQUIREMENTS
dc.subject	RETURN
dc.subject	RURAL INFRASTRUCTURE
dc.subject	SAFETY NETS
dc.subject	SAVINGS
dc.subject	SHARE OF ASSETS
dc.subject	SMALL ECONOMIES
dc.subject	SOCIAL PROTECTION
dc.subject	SOCIAL SAFETY NETS
dc.subject	STOCK MARKET
dc.subject	STOCK MARKETS
dc.subject	STREAMS
dc.subject	SUSTAINABLE DEVELOPMENT
dc.subject	SUSTAINABLE MANAGEMENT
dc.subject	TAX
dc.subject	TAX INCENTIVES
dc.subject	TAXATION
dc.subject	TECHNOLOGY TRANSFER
dc.subject	TERMS OF TRADE
dc.subject	TRACK RECORD
dc.subject	TRANSPARENCY
dc.subject	TRANSPARENCY INITIATIVE
dc.subject	UNDERVALUATION
dc.subject	URBAN DEVELOPMENT
dc.subject	URBANIZATION
dc.subject	WAGES
dc.subject	WEALTH
dc.subject	WORKING CAPITAL
dc.subject	WORLD ECONOMY
dc.subject	WORLD TRADE
dc.subject	WORLD TRADE ORGANIZATION
dc.subject	WTO
dc.title	Cambodia - Sustaining Rapid Growth in a Challenging Environment : Country Economic Memorandum
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	East Asia and Pacific
dc.coverage	Southeast Asia
dc.coverage	Asia
dc.coverage	Cambodia