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The Cambodian Economy: Ready For Take-Off?

Author

Listed:
  • 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.

Suggested Citation

  • Sjöholm, Fredrik & Sjöberg, Örjan, 2005. "The Cambodian Economy: Ready For Take-Off?," EIJS Working Paper Series 209, Stockholm School of Economics, The European Institute of Japanese Studies.
  • Handle: RePEc:hhs:eijswp:0209
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    File URL: http://swopec.hhs.se/eijswp/papers/eijswp0209.pdf
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    References listed on IDEAS

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    1. David E. Bloom & David Canning & Jocelyn E. Finlay, 2010. "Population Aging and Economic Growth in Asia," NBER Chapters,in: The Economic Consequences of Demographic Change in East Asia, NBER-EASE Volume 19, pages 61-89 National Bureau of Economic Research, Inc.
    2. Chan, Sophal & Godfrey, Martin & Kato, Toshiyasu & Long, Vou Piseth & Orlova, Nina & Ronnås, Per & Tia, Savora, 1998. "Cambodia: The Challenge of Productive Employment Creation," SSE/EFI Working Paper Series in Economics and Finance 267, Stockholm School of Economics.
    3. David E. Bloom & David Canning & Günther Fink, 2008. "Population Aging and Economic Growth," World Bank Publications, The World Bank, number 28027.
    4. International Monetary Fund, 2004. "Cambodia; Poverty Reduction Strategy Paper Progress Report," IMF Staff Country Reports 04/333, International Monetary Fund.
    5. Marcus Noland, 2000. "Avoiding the Apocalypse: The Future of the Two Koreas," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 94.
    6. International Monetary Fund, 2004. "Cambodia; Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 04/324, International Monetary Fund.
    7. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Cambodia; economic development; agriculture; industry;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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