Cambodia: Diversifying Beyond Garments and Tourism: Country Diagnostic Study

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): Economics and Research Department, ADB
Asian Development Bank (adb): Economics and Research Department, ADB

No RPT146996-2, ADB Reports from Asian Development Bank (ADB)

Abstract: Cambodia has enjoyed over 2 decades of robust growth, with rising foreign investment and deepening integration into global and regional value chains. The country—once riven by civil war and conflict—is now politically stable and increasingly making its mark as the world’s eighth-largest rice producer, Asia’s 10thlargest garment exporter, and a rising tourist destination. Yet Cambodia faces considerable challenges. It suffers from major infrastructure deficits; limited skills development and education quality; and weaknesses in governance. Fiscal resources are also stretched. Moreover, for a successful transition to a modern industrialized economy, Cambodia needs to diversify and upgrade its productive capabilities. This publication examines the opportunities and the challenges, and offers recommendations for long-term socioeconomic strategy.

Keywords: Cambodia; economic growth and development; human capital and decent employment; infrastructure development; weaknesses in governance; stretched fiscal resources; social protection; diversification; upgrading of productive capabilities; Rectangular Strategy; country diagnostic study; access to social services; garments industry; tourism; product space analysis; constraints to growth; constraints to inclusiveness (search for similar items in EconPapers)
Pages: 173 pages
Date: 2014-11
New Economics Papers: this item is included in nep-sea and nep-tur
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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