IDEAS home Printed from https://ideas.repec.org/p/hhs/eijswp/0209.html
   My bibliography  Save this paper

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
    as

    Download full text from publisher

    File URL: http://swopec.hhs.se/eijswp/papers/eijswp0209.pdf
    File Function: Complete Rendering
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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, 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 - Books, The World Bank Group, number 28027.
    4. Marcus Noland, 2000. "Avoiding the Apocalypse: The Future of the Two Koreas," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 94, April.
    5. International Monetary Fund, 2004. "Cambodia: Ex Post Assessment of Longer-Term Program Engagement," IMF Staff Country Reports 2004/324, International Monetary Fund.
    6. International Monetary Fund, 2004. "Rwanda: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/382, International Monetary Fund.
    7. International Monetary Fund, 2004. "Cambodia: Poverty Reduction Strategy Paper Progress Report," IMF Staff Country Reports 2004/333, International Monetary Fund.
    8. International Monetary Fund, 2004. "Nigeria: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/239, International Monetary Fund.
    9. International Monetary Fund, 2004. "Guinea: Staff Report for the 2004 Article IV Consultation," IMF Staff Country Reports 2004/392, International Monetary Fund.
    10. 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.
    11. World Bank & International Monetary Fund, 2005. "Global Monitoring Report 2005 : Millennium Development Goals— From Consensus to Momentum," World Bank Publications - Books, The World Bank Group, number 7325.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert M. Stern, 2011. "Trade in Financial Services—Has the IMF been Involved Constructively?," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 5(1), pages 65-92, February.
    2. Eswar Prasad & Shang-Jin Wei, 2007. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 421-480, National Bureau of Economic Research, Inc.
    3. Mr. Steven V Dunaway & Mr. Vivek Arora, 2007. "Pension Reform in China: The Need for a New Approach," IMF Working Papers 2007/109, International Monetary Fund.
    4. International Monetary Fund, 2007. "Cyprus: Selected Issues," IMF Staff Country Reports 2007/071, International Monetary Fund.
    5. Yunyong Thaicharoen & Kiatipong Ariyapruchya & Titima Chucherd, 2004. "Rising Thai Household Debt: Assessing Risks and Policy Implications," Working Papers 2004-01, Monetary Policy Group, Bank of Thailand.
    6. Ana María Jul, 2006. "Off-Budget Operations: Report," IDB Publications (Working Papers) 23838, Inter-American Development Bank.
    7. Tiongson, Erwin R. & Yemtsov, Ruslan, 2008. "Bosnia and Herzegovina 2001-2004 : enterprise restructuring, labor market transitions and poverty," Policy Research Working Paper Series 4479, The World Bank.
    8. Wee Chian Koh & M. Ayhan Kose & Peter S. Nagle & Franziska L. Ohnsorge & Naotaka Sugawara, 2020. "Debt and Financial Crises," Koç University-TUSIAD Economic Research Forum Working Papers 2001, Koc University-TUSIAD Economic Research Forum.
    9. Yongzheng Yang & Mr. Robert Powell & Mr. Sanjeev Gupta, 2005. "The Macroeconomic Challenges of Scaling Up Aid to Africa," IMF Working Papers 2005/179, International Monetary Fund.
    10. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    11. Yenteshwar Ram, Biman Prasad, Ron Duncan, 2005. "Explaining the Supply-side Constraints to Export-led Growth in Selected Pacific Island Countries," Working Papers 205, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    12. Mr. Vassili Prokopenko & Mr. Etibar Jafarov & Ms. Anne Marie Gulde, 2004. "A Common Currency for Belarus and Russia?," IMF Working Papers 2004/228, International Monetary Fund.
    13. World Bank, 2006. "Fostering Higher Growth and Employment in the Kingdom of Morocco," World Bank Publications - Books, The World Bank Group, number 7114.
    14. William Poole, 2007. "Energy prices and the U.S. business cycle," Speech 112, Federal Reserve Bank of St. Louis.
    15. Jonathan D. Quartey & Wisdom D. Ametorwotia & Prosper B. Laari, 2022. "Household Effective Demand for Electricity in Ghana: Analysis and Implication for Tariffs," Management & Economics Research Journal, Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa, vol. 4(2), pages 1-24, September.
    16. James Harrigan & Kenneth Kuttner, 2004. "Lost Decade in Translation: Did the US Learn from Japan's Post-Bubble Mistakes?," NBER Working Papers 10938, National Bureau of Economic Research, Inc.
    17. Robert M Stern, 2009. "Trade in Financial Services--Has the IMF Been Involved Constructively?," Working Papers 587, Research Seminar in International Economics, University of Michigan.
    18. World Bank, 2006. "Timor-Leste Health Sector Review : Meeting Challenges and Improving Health Outcomes," World Bank Publications - Reports 14897, The World Bank Group.
    19. Horst Siebert, 2007. "China: Coming to Grips with the New Global Player," The World Economy, Wiley Blackwell, vol. 30(6), pages 893-922, June.
    20. Stephan Barisitz & Annemarie Pemmer, 2006. "Ukraine: Macroeconomic Developments and Structural Change with a Special Focus on the Energy Sector," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 158-176.

    More about this item

    Keywords

    Cambodia; economic development; agriculture; industry;
    All these keywords.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:eijswp:0209. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nanhee Lee (email available below). General contact details of provider: https://edirc.repec.org/data/eihhsse.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.