Description: Cambodia - Sustaining Rapid Growth in a Challenging Environment : Country Economic Memorandum

Cambodia - Sustaining Rapid Growth in a Challenging Environment : Country Economic Memorandum

Many countries succeed in generating high economic growth at some point in their history. But only a very few manage to sustain rapid growth for an extended period. Only such a prolonged period of rapid growth can have a significant impact on incom...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	World Bank 2012
Subjects:	ADVANCED COUNTRIES ADVERSE IMPACT AGRICULTURE ARABLE LAND ASSETS BALANCE OF PAYMENTS BANK DEPOSITS BANK ENTRY BANK LENDING BANK LOAN BANKING SUPERVISION BANKING SYSTEM BARRIERS TO GROWTH BROAD MONEY BUSINESS ENVIRONMENT CAPITAL ACCOUNTS CAPITAL ACCUMULATION CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL FORMATION CAPITAL GAIN CAPITAL INFLOWS CLIMATE CHANGE COLLATERAL COLLATERAL REQUIREMENTS COLLECTIVE ACTION COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMODITIES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE INDEX CONSUMERS COST OF CAPITAL COST-BENEFIT ANALYSES CREATION OF JOBS CREDIT BUREAU CREDIT FACILITY CREDIT INFORMATION SYSTEM DEBT DECISION TREE DEFLATORS DEMOGRAPHIC DEMOGRAPHIC TRANSITION DEMOGRAPHICS DEPOSIT DEPOSIT RATES DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT STRATEGY DISTORTED INCENTIVES DIVIDEND DIVIDENDS DOMESTIC ECONOMY DOMESTIC MARKET DURABLE DURABLE EQUIPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC SITUATION ENVIRONMENTAL ENVIRONMENTAL CONCERNS ENVIRONMENTAL STANDARDS EQUITY FUNDS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT SECTOR EXPORTS FINANCIAL CRISIS FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FISH FISHERIES FIXED CAPITAL FIXED INVESTMENT FOOD POLICY RESEARCH FOOD PRICES FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTOR FORESTRY GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL FINANCIAL MARKETS GLOBAL TRADE GOOD GOVERNANCE GOVERNANCE MECHANISMS GOVERNMENT INTERVENTIONS GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INCOME INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENT INSTRUMENT INSURANCE INTEREST INCOME INTEREST RATES INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL INVESTOR INTERNATIONAL LABOUR ORGANIZATION INTERNATIONAL RESERVES INTERNATIONAL TRADE INVENTORIES INVESTING INVESTMENT CLIMATE INVESTMENT FLOWS JOB CREATION LABOR MARKET LABOR PRODUCTIVITY LABOR STANDARDS LEGAL FRAMEWORK LIBERALIZATION LIVING STANDARDS LOCAL CURRENCY LOGGING MACROECONOMIC CONDITIONS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC UNCERTAINTY MICRO-FINANCE MIDDLE INCOME COUNTRY MISMANAGEMENT MONETARY POLICY NATIONAL BANK NATURAL RESOURCES NET EXPORTS NEW MARKETS NEW PRODUCTS NON-PERFORMING LOANS OIL OPEN ECONOMY OVERVALUATION PAYMENTS SYSTEM PER CAPITA INCOME PER CAPITA INCOMES POLICY ENVIRONMENT POLICY INSTRUMENTS POLICY MAKERS POLITICAL PLATFORM POLITICAL STABILITY POLLUTION POTENTIAL INVESTMENTS PRICE DISTORTION PRIVATE EQUITY PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PRODUCERS PRODUCTION COSTS PRODUCTIVITY GROWTH PUBLIC GOODS PUBLIC-PRIVATE PARTNERSHIP QUOTAS RAPID DEVELOPMENT RAPID GROWTH RATE OF GROWTH RATE OF INVESTMENT RATES OF RETURNS REAL ESTATE REAL INTEREST REAL INTEREST RATES RED TAPE REGIONAL INTEGRATION REGIONAL TRADE REGRESSION ANALYSIS REGULATORY FRAMEWORK REPUTATION RESERVE REQUIREMENTS RETURN RURAL INFRASTRUCTURE SAFETY NETS SAVINGS SHARE OF ASSETS SMALL ECONOMIES SOCIAL PROTECTION SOCIAL SAFETY NETS STOCK MARKET STOCK MARKETS STREAMS SUSTAINABLE DEVELOPMENT SUSTAINABLE MANAGEMENT TAX TAX INCENTIVES TAXATION TECHNOLOGY TRANSFER TERMS OF TRADE TRACK RECORD TRANSPARENCY TRANSPARENCY INITIATIVE UNDERVALUATION URBAN DEVELOPMENT URBANIZATION WAGES WEALTH WORKING CAPITAL WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20091202232805 http://hdl.handle.net/10986/3142

Description
Summary:	Many countries succeed in generating high economic growth at some point in their history. But only a very few manage to sustain rapid growth for an extended period. Only such a prolonged period of rapid growth can have a significant impact on income per capita, and such an impact often brings with it many other important changes to people's lives. Cambodia has more than doubled its income per capita over the past decade, from US$285 in 1997 to US$593 in 2007. This doubling has been accompanied by the trappings of a profound structural transformation: integration into the global economy; a shift of jobs from agriculture to manufacturing; a demographic transition; and migration from rural to urban areas. Translating into jobs and better services, these outcomes have led to a significant reduction in poverty, as well as improvements in health and education. This report aims to contribute to policymakers' and citizens' thinking about growth in Cambodia in three ways: (i) it reviews the experience of the past decade and draws the Cambodia-specific lessons of this period; (ii) it sketches the major potential sources of growth with the aim of assessing the barriers to growth; and (iii) it outlines policy options for addressing these barriers.

Cambodia - Sustaining Rapid Growth in a Challenging Environment : Country Economic Memorandum

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