Cambodia 1998-2008 : An Episode of Rapid Growth

Guimbert, Stephane

dc.creator	Guimbert, Stephane
dc.date	2012-03-19T18:39:17Z
dc.date	2012-03-19T18:39:17Z
dc.date	2010-04-01
dc.date.accessioned	2023-02-17T21:03:00Z
dc.date.available	2023-02-17T21:03:00Z
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=000158349_20100414084009
dc.identifier	http://hdl.handle.net/10986/3758
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244722
dc.description	Cambodia's growth over 1998-2008 has been remarkable (almost 10 percent per annum for a decade). This paper applies a "growth diagnostic" approach to understand how this happened and how it can be sustained. Past growth has been driven by the coincidence of a set of historical and geographic factors (including opportunistic policy responses), together with the use of natural assets (although in a non sustainable way) and the elaboration of productive sector-specific governance arrangements. Several of these factors are unfortunately not self-sustaining and the global economic crisis of 2008-09 is exposing these vulnerabilities. A growth diagnostic flags a number of short-term priorities to ensure the competitiveness of existing industries, as well as more medium-term priorities for the country to continue attracting foreign investment and start mobilizing more domestic savings. A key economic policy objective is the diversification of the economy, which requires a reduction in unproductive risks and costs as well as creative solutions to coordination failures.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5271
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ACCOUNTING FRAMEWORK
dc.subject	AGRICULTURE
dc.subject	AMOUNT OF CAPITAL
dc.subject	ARABLE LAND
dc.subject	ASSET PRICES
dc.subject	ASSETS
dc.subject	BANKING SECTOR
dc.subject	BARRIER
dc.subject	BARRIER TO ENTRY
dc.subject	BENCHMARKING
dc.subject	BINDING CONSTRAINT
dc.subject	BINDING CONSTRAINTS
dc.subject	BROAD MONEY
dc.subject	BUSINESS ENVIRONMENT
dc.subject	CAPACITY CONSTRAINTS
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL GAINS
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL INVESTMENTS
dc.subject	CENTRALIZATION
dc.subject	CHILD LABOR
dc.subject	COLLATERAL
dc.subject	COLLECTIVE ACTION
dc.subject	COLLECTIVE ACTION PROBLEMS
dc.subject	COMMERCIAL FISHING
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPETITIVENESS
dc.subject	COMPLIANCE COSTS
dc.subject	COORDINATION FAILURES
dc.subject	CORRUPTION
dc.subject	COST OF FINANCE
dc.subject	COST STRUCTURE
dc.subject	CREDIBILITY
dc.subject	CREDIT RATIONING
dc.subject	CREDIT RISKS
dc.subject	CREDIT SYSTEM
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT BALANCE
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	DECISION TREE
dc.subject	DEMAND CURVE
dc.subject	DEMOGRAPHIC
dc.subject	DEMOGRAPHIC GROWTH
dc.subject	DEMOGRAPHIC TRANSITION
dc.subject	DEPOSITS
dc.subject	DEVELOPED COUNTRIES
dc.subject	DISPUTE RESOLUTION
dc.subject	DIVERSIFICATION
dc.subject	DIVIDEND
dc.subject	DURABLE
dc.subject	DURABLE EQUIPMENT
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC ANALYSIS
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC DEVELOPMENTS
dc.subject	ECONOMIC GEOGRAPHY
dc.subject	ECONOMIC HISTORY
dc.subject	ECONOMIC SITUATION
dc.subject	ECONOMIC STRUCTURE
dc.subject	ENABLING ENVIRONMENT
dc.subject	ENFORCEMENT OF CONTRACTS
dc.subject	EQUIPMENT
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURES
dc.subject	EXPLOITATION
dc.subject	EXPORT SECTOR
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXPORTS
dc.subject	EXTERNAL FINANCE
dc.subject	EXTERNALITIES
dc.subject	FERTILITY RATES
dc.subject	FINANCE CORPORATION
dc.subject	FINANCIAL ASSETS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SECTOR POLICIES
dc.subject	FINANCIAL SYSTEM
dc.subject	FISCAL POLICY
dc.subject	FISH
dc.subject	FISHERIES
dc.subject	FISHERY MANAGEMENT
dc.subject	FOOD POLICY RESEARCH
dc.subject	FOOD PRICE
dc.subject	FOOD PRICES
dc.subject	FOREIGN ASSETS
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTORS
dc.subject	FORESTRY
dc.subject	FORMAL BANKING
dc.subject	FUTURE CASH FLOWS
dc.subject	FUTURE GROWTH
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GLOBAL MARKETS
dc.subject	GOVERNANCE INDICATORS
dc.subject	GOVERNANCE ISSUES
dc.subject	GOVERNMENT REGULATION
dc.subject	GROWTH POTENTIAL
dc.subject	GROWTH RATE
dc.subject	HUMAN CAPITAL
dc.subject	INCOME
dc.subject	INFLATION
dc.subject	INFLOWS OF CAPITAL
dc.subject	INSURANCE
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL FLOWS
dc.subject	INTERNATIONAL DEVELOPMENT
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL MARKETS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVENTORIES
dc.subject	INVENTORY
dc.subject	INVESTING
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT FUNDS
dc.subject	INVESTMENT POLICIES
dc.subject	INVESTMENT PROJECTS
dc.subject	INVESTMENT RATES
dc.subject	INVESTMENT REGIME
dc.subject	JOINT VENTURE
dc.subject	LABOR COSTS
dc.subject	LABOR FORCE
dc.subject	LABOR MARKET
dc.subject	LABOR PRODUCTIVITY
dc.subject	LABOR STANDARD
dc.subject	LABOR STANDARDS
dc.subject	LACK OF COMPETITION
dc.subject	LACK OF CREDIT
dc.subject	LAND TITLES
dc.subject	LAND TITLING
dc.subject	LEGAL ENVIRONMENT
dc.subject	LEGAL REFORMS
dc.subject	LIBERALIZATION
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN PORTFOLIO
dc.subject	LOAN REPAYMENT
dc.subject	LOCAL CURRENCY
dc.subject	LOGGING
dc.subject	LOW-INCOME COUNTRY
dc.subject	MACROECONOMIC CONDITIONS
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC INSTABILITY
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MACROECONOMIC POLICIES
dc.subject	MACROECONOMIC POLICY
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC UNCERTAINTY
dc.subject	MARKET CONDITIONS
dc.subject	MARKET FAILURE
dc.subject	MARKET FAILURES
dc.subject	MONOPOLY
dc.subject	NATIONAL BANK
dc.subject	NATURAL RESOURCES
dc.subject	NET EXPORTS
dc.subject	OPEN ECONOMY
dc.subject	OPPORTUNITY COST
dc.subject	OUTPUT
dc.subject	OVERVALUATION
dc.subject	POLICY DECISIONS
dc.subject	POLICY INSTRUMENTS
dc.subject	POLICY RESPONSES
dc.subject	POLITICAL ECONOMY
dc.subject	POLITICAL STABILITY
dc.subject	POLITICAL SYSTEM
dc.subject	PORTFOLIO
dc.subject	POWER OUTAGES
dc.subject	PRICE INCREASES
dc.subject	PRIVATE INVESTMENT
dc.subject	PRODUCERS
dc.subject	PRODUCTION COSTS
dc.subject	PROFIT MARGINS
dc.subject	PROPERTY RIGHTS
dc.subject	PUBLIC GOODS
dc.subject	PUBLIC INVESTMENT
dc.subject	PUBLIC SAVINGS
dc.subject	QUOTAS
dc.subject	RAPID GROWTH
dc.subject	RATE OF GROWTH
dc.subject	RATES OF RETURNS
dc.subject	REAL ESTATE
dc.subject	REAL EXCHANGE RATE
dc.subject	REAL INTEREST
dc.subject	REAL INTEREST RATE
dc.subject	REAL INTEREST RATES
dc.subject	RED TAPE
dc.subject	REFORM PROGRAM
dc.subject	REGIONAL TRADE
dc.subject	REGISTRATION PROCESSES
dc.subject	REGRESSION ANALYSIS
dc.subject	REGULATORY POLICY
dc.subject	REGULATORY REQUIREMENTS
dc.subject	RETAINED EARNINGS
dc.subject	RETURN
dc.subject	RETURNS
dc.subject	RULE OF LAW
dc.subject	RURAL INFRASTRUCTURE
dc.subject	SALES AGREEMENT
dc.subject	SAVINGS
dc.subject	SOCIAL CAPITAL
dc.subject	STOCKS
dc.subject	SUPPLY OF CREDIT
dc.subject	TAX
dc.subject	TAX EXEMPTIONS
dc.subject	TAX RATES
dc.subject	TAXATION
dc.subject	TELECOMMUNICATIONS
dc.subject	TRACK RECORD
dc.subject	TRADE REGIME
dc.subject	TRANSPARENCY
dc.subject	TURNOVER
dc.subject	UNDERVALUATION
dc.subject	VALUE ADDED
dc.subject	WAGES
dc.subject	WAREHOUSE
dc.subject	WAREHOUSE RECEIPTS
dc.subject	WORKING CAPITAL
dc.subject	WTO
dc.title	Cambodia 1998-2008 : An Episode of Rapid Growth
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	East Asia and Pacific
dc.coverage	East Asia and Pacific
dc.coverage	Southeast Asia
dc.coverage	Asia
dc.coverage	Cambodia