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The Cambodian Economy: Ready For Take-Off?

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  • Sjöholm, Fredrik

    ()
    (European Institute of Japanese Studies)

  • Sjöberg, Örjan

    ()
    (European Institute of Japanese Studies)

Abstract

Cambodia is facing the familiar problem of achieving sustained rates of economic growth that could help it alleviate widespread poverty. Against the background of some encouraging developments, and quite a few that are not equally reassuring, we argue that any push for development needs to consider both agriculture and industry. This is so as both labour absorption, primarily in secondary sector activities, and productivity growth in agriculture are necessary to lift large segments of the population out of the poverty associated with subsistence agriculture, landlessness and informal sector activities. Given that the major success story of the past decade, the garments and textile industry, is under threat, we conclude that Cambodia is yet to achieve an economic take off.

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Bibliographic Info

Paper provided by The European Institute of Japanese Studies in its series EIJS Working Paper Series with number 209.

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Length: 31 pages
Date of creation: 01 Apr 2005
Date of revision:
Publication status: Published in Pacific Review, 2006, pages 495-517.
Handle: RePEc:hhs:eijswp:0209

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Keywords: Cambodia; economic development; agriculture; industry;

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  1. International Monetary Fund, 2004. "Cambodia," IMF Staff Country Reports 04/333, International Monetary Fund.
  2. International Monetary Fund, 2004. "Cambodia," IMF Staff Country Reports 04/324, International Monetary Fund.
  3. Booth, Anne, 1999. "Initial Conditions and Miraculous Growth: Why is South East Asia Different From Taiwan and South Korea?," World Development, Elsevier, vol. 27(2), pages 301-321, February.
  4. Chan, Sophal & Godfrey, Martin & Kato, Toshiyasu & Long, Vou Piseth & Orlova, Nina & Ronnås, Per & Tia, Savora, 1998. "Cambodia: The Challenge of Productive Employment Creation," Working Paper Series in Economics and Finance 267, Stockholm School of Economics.
  5. David E. Bloom & David Canning & Günther Fink, 2008. "Population Aging and Economic Growth," PGDA Working Papers 3108, Program on the Global Demography of Aging.
  6. David E. Bloom & David Canning & Jocelyn Finlay, 2008. "Population Aging and Economic Growth in Asia," PGDA Working Papers 4008, Program on the Global Demography of Aging.
  7. Marcus Noland, 2000. "Avoiding the Apocalypse: The Future of the Two Koreas," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 94.
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