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Sustainable Development Status in CLMV Countries Following Economic Reform and Openness

Author

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  • Yun Ho Jin

    (Korea University, Republic of Korea)

  • Sung Jin Kang

    (Korea University, Republic of Korea)

Abstract

This study examines the status and trends of sustainable development in the Kingdom of Cambodia, the Lao People`s Democratic Republic, the Republic of the Union of Myanmar, and the Socialist Republic of Viet Nam (CLMV) from 1990 to 2020. Using country-level panel data, it applies the Principal Common Factor (PCF) method to determine the weight of each Sustainable Development Goal (SDGs) and construct a Sustainable Development Index (SDI). Key findings include: First, Most SDGs, except Goals 5 and 15, display common patterns across CLMV countries, with significant improvements in people (Goals 1, 2, 3, 4), planet (Goals 6, 14), prosperity (Goals 7, 8, 9), and partnerships (Goal 17). Second, The SDI of CLMV countries shows a steady upward trajectory despite temporary shocks. Finally, the SDI trend closely aligns with per capita GDP, indicating economic reform and openness have enhanced sustainable development outcomes in these countries

Suggested Citation

  • Yun Ho Jin & Sung Jin Kang, 2025. "Sustainable Development Status in CLMV Countries Following Economic Reform and Openness," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 50(4), pages 59-82, December.
    • Handle: RePEc:ris:jecdev:021999
    DOI: 10.35866/caujed.2024.50.4.003
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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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