Cambodias Economic Diversification

Download or read book Cambodia’s Economic Diversification written by Asian Development Bank and published by Asian Development Bank. This book was released on 2024-11-01 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study outlines actions Cambodia can take to diversify its economy and shows how cutting business costs, tackling human capital deficits, and reducing vulnerability to external shocks can help drive sustainable, inclusive growth. Exploring how Cambodia became one of Asia’s fastest growing economies, the study aims to show how the country can overcome existing constraints and address emerging challenges to reach upper-middle income status by 2030. It identifies opportunities to diversify Cambodia’s textile, food processing, and manufacturing industries, underlines the need to overhaul education, and drive the investment and infrastructure improvements needed to reach its long-term goals.