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Cambodia’s Special Economic Zones

Author

Listed:
  • Warr , Peter

    (Crawford School of Public Policy)

  • Menon, Jayant

    (Asian Development Bank)

Abstract

This study examines the role of special economic zones (SEZs) within the trade policy of Cambodia. It asks whether Cambodia’s establishment of SEZs since late 2005 has been successful, based on the evidence to date, and analyzes the appropriate role and management of SEZs over the next decade or more. The study finds that the SEZs have attracted significant levels of foreign investment into Cambodia that would not have been present otherwise. These investments have created around 68,000 jobs, with equal or better pay and better prospects than the alternatives that would otherwise have existed, raising the economic welfare of the workers concerned. A feature of the Cambodian experience is that the government has left the establishment and management of the zones to private sector developers, avoiding the large and sometimes wasteful public sector set up costs associated with SEZ establishment in many other countries.

Suggested Citation

  • Warr , Peter & Menon, Jayant, 2015. "Cambodia’s Special Economic Zones," ADB Economics Working Paper Series 459, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0459
    as

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    References listed on IDEAS

    as
    1. Ronald W. Jones, 2000. "Globalization and the Theory of Input Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 026210086x, December.
    2. Zeng, Douglas Zhihua, 2011. "How do special economic zones and industrial clusters drive China's rapid development ?," Policy Research Working Paper Series 5583, The World Bank.
    3. Camilla Jensen & Marcin winiarczyk, 2014. "Special Economic Zones - 20 years later," CASE Network Studies and Analyses 0467, CASE-Center for Social and Economic Research.
    4. Shahid Yusuf & Kaoru Nabeshima & Shoichi Yamashita, 2008. "Growing Industrial Clusters in Asia : Serendipity and Science," World Bank Publications - Books, The World Bank Group, number 6429, December.
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    Cited by:

    1. Sina Hardaker, 2020. "Embedded Enclaves? Initial Implications of Development of Special Economic Zones in Myanmar," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(2), pages 404-430, April.

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    More about this item

    Keywords

    Cambodia; foreign investment; production networks; special economic zones;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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