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Cambodia: Diversifying Beyond Garments and Tourism: Country Diagnostic Study

Author

Listed:
  • Asian Development Bank (ADB)
  • Asian Development Bank (ADB)

    (Economics and Research Department, ADB)

  • Asian Development Bank (ADB)

    (Economics and Research Department, ADB)

  • Asian Development Bank (ADB)

Abstract

Cambodia has enjoyed over 2 decades of robust growth, with rising foreign investment and deepening integration into global and regional value chains. The country—once riven by civil war and conflict—is now politically stable and increasingly making its mark as the world’s eighth-largest rice producer, Asia’s 10thlargest garment exporter, and a rising tourist destination. Yet Cambodia faces considerable challenges. It suffers from major infrastructure deficits; limited skills development and education quality; and weaknesses in governance. Fiscal resources are also stretched. Moreover, for a successful transition to a modern industrialized economy, Cambodia needs to diversify and upgrade its productive capabilities. This publication examines the opportunities and the challenges, and offers recommendations for long-term socioeconomic strategy.

Suggested Citation

  • Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2014. "Cambodia: Diversifying Beyond Garments and Tourism: Country Diagnostic Study," ADB Reports RPT146996-2, Asian Development Bank (ADB).
    • Handle: RePEc:asd:wpaper:rpt146996-2
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    Citations

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    Cited by:

    1. Law, Colin C.H. & Zhang, Yahua & Gow, Jeff & Vu, Xuan-Binh, 2022. "Dynamic relationship between air transport, economic growth and inbound tourism in Cambodia, Laos, Myanmar and Vietnam," Journal of Air Transport Management, Elsevier, vol. 98(C).
    2. Idei, Rika & Kato, Hironori & Morikawa, So, 2020. "Contribution of rural roads improvement on children’s school attendance: Evidence in Cambodia," International Journal of Educational Development, Elsevier, vol. 72(C).
    3. Rika Idei & Hironori Kato, 2020. "Medical-purposed travel behaviors in rural areas in developing countries: a case study in rural Cambodia," Transportation, Springer, vol. 47(3), pages 1415-1438, June.

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