Cambodia, diversifying beyond garments and tourism : country diagnostic study / Asian Development Bank.

Format:

Book

Author/Creator:

Asian Development Bank, author, publisher.

Asian Development Bank. Economics and Research Department, author.

Contributor:

Asian Development Bank. Economics and Research Department, author.

Asian Development Bank, issuing body, copyright holder.

De Villa, Jill Gale, editor.

Zant, Eric van, editor.

McIndoe, Alastair, editor.

Series:

Country Diagnostic Studies.

Language:

English

Subjects (All):

Economic development--Cambodia.

Economic development.

Infrastructure (Economics)--Cambodia.

Infrastructure (Economics).

Cambodia--Economic conditions.

Cambodia.

Physical Description:

1 online resource (173 pages)

Edition:

1st ed.

Place of Publication:

Metro Manila, Philippines : Asian Development Bank, 2014.

Language Note:

English

Summary:

Cambodia has enjoyed over two 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 10th largest 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.

Contents:

Cover; Contents; Foreword; Preface; Abbreviations and Acronyms; Cambodia Fast Facts 2013; Executive Summary; 1. Development Performance; 1.1 Maximizing Natural Growth Opportunities; 1.2 Economic Development Plans; 1.3 Macroeconomic Performance; 1.4 Economic Growth by Major Expenditure Component; 1.5 Monetary Policy and Financial Sector Management; 1.6 Fiscal Policy; 1.7 Balance of Payments; 1.8 Sources of Economic Growth, by Production Sector; 1.9 Poverty and Inequality; 2. Critical Constraints to Growth; 2.1 Human Capital; 2.2 Infrastructure; 2.3 Macroeconomic Risks; 2.4 Microeconomic Risks

2.5 Market Failures2.6 Finance; 2.7 Conclusion; 3. Critical Constraints to Inclusiveness; 3.1 Availability of Productive Employment Opportunities; 3.2 Human Capabilities; 3.3 Leveling the Playing Field; 3.4 Social Safety Nets; 3.5 Conclusion; 4. Diversification and Upgrading; 4.1 Patterns of Specialization and Diversification; 4.2 Into Which Products Can Cambodia Diversify?; 4.3 Policies for Diversification and Upgrading; 4.4 Conclusion; Appendix 4.1: Product Sophistication, Revealed Comparative Advantage, and Proximity and Path; Appendix 4.2: Priority Export Products

5. Summary and Policy Recommendations5.1 Human Capital and Access to Decent Employment; 5.2 Infrastructure: Electricity, Rural Roads, and Rural Water and Sanitation; 5.3 Governance; 5.4 Fiscal Resources; 5.5 The Way Forward and Special Challenge; References; BOXES, FIGURES, AND TABLES; BOXES; 1.1 Managing Dedollarization; 1.2 Socioeconomic Development Plans and GDP Growth; 2.1 Growth Diagnostics Framework; 4.1 Tariff Preferences Aid Diversification: Cambodia's Bicycle Industry; 4.2 Institutional Mechanisms for Industrial Policy; 4.3 Key Elements of the Rice Policy; FIGURES

1.1 Shares of Major Expenditure Components in GDP, 1995-2011 (%)1.2 Contribution of Major Expenditure Components to GDP Growth, 1995-2011 (%); 1.3 Major Expenditure Components in Selected Asian Countries, 2000 and 2012 (% of GDP); 1.4 GDP Growth and Inflation, 2000-2013 (%); 1.5 Growth of Money Supply and Fiscal Balance, 2000-2013 (%); 1.6 GDP Growth and Change in the Exchange Rate, 2000-2012; 1.7 Official and Market KR/ Exchange Rates, 2006-2013; 1.8 Domestic Credit Provided by Banks and Growth of Total Loans, 2005-2013; 1.9 Health of the Banking Sector, 2006-2012 (%)

1.10 Nonperforming Loans, 2005-2013 (%)1.11 Government Expenditure by Function, 2001-2013 (% of total); 1.12 Overall Fiscal Balance in Selected Asian Countries, 1995-2013 (% of GDP); 1.13 Fiscal Deficit Financing, 2002-2012 (% of GDP); 1.14 Net Exports, 2000-2013 ( billion); 1.15 Balance of Payments, 1998-2012 (% of GDP); 1.16 Gross Reserves and Months of Import Coverage, 2005-2013 ( billion); 1.17 Shares of Major Production Sectors in GDP, 1995-2013 (%); 1.18 Contribution to Total Output Growth by Major Production Sector, 1995-2013 (percentage points)

1.19 Agriculture Employment in Selected Asian Countries, 1998-2012 (% of total employment)

Notes:

"Economics and Research Department, November 2014."

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed June 23, 2016).

ISBN:

9789292548087

9292548085

OCLC:

936202145