Cambodia: The Challenge of Productive Employment Creation
Economic growth in Cambodia came to an abrupt halt in 1997 as the home made political crisis and the external financial crisis took their toll. However, Cambodia has been comparatively mildly affected by the Asian crisis and provided that political stability can be achieved there are good chances that the economic decline in 1997 will become little more than a parenthesis. A more fundamental development challenge facing the country is the very rapid increase in the labour force as the large cohorts born in the early 1980s enter the labour market. A major weakness in the economic development to date has been its narrow base. It has largely been attributed to growth in the urban industrial and services sectors, while the performance of agriculture has been rather lacklustre. The twin goals of productive employment generation and poverty alleviation will require a much more dynamic development of agriculture and of the rural economy as a whole to succeed. Access to productive assets - that is land, physical and human capital - and insecurity arising from the absence of rule of law are identified as the factors with the strongest bearing on poverty.
|Date of creation:||12 Oct 1998|
|Contact details of provider:|| Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden|
Phone: +46-(0)8-736 90 00
Fax: +46-(0)8-31 01 57
Web page: http://www.hhs.se/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Prescott, N. & Pradhan, M., 1997. "A Poverty Profile of Cambodia," World Bank - Discussion Papers 373, World Bank.
- Jayant Menon, 1998. "Laos in the ASEAN Free Trade Area: Trade, Revenue and Investment Implications," Asia Pacific Economic Papers 276, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
When requesting a correction, please mention this item's handle: RePEc:hhs:hastef:0267. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helena Lundin)
If references are entirely missing, you can add them using this form.