Competitiveness and Linkages in Cambodia’s Manufacturing Sector
Cambodia has achieved remarkable development over the past decades. The economy has grown impressively on average at 7.7 percent over the period 1993-2013, making it one of the best performing economies in the world. Robust economic growth has significantly contributed to poverty reduction. Poverty rate declined from around 53 percent in 2004 to less than 20 percent now.
There is, however, a consensus that Cambodia needs to accelerate economic and industrial diversification, shifting from the currently narrow-based growth to a more broad-based growth. This is obvious that Cambodia needs to promote more industrial and higher value-added activities through enhancing labour productivity and attracting more quality foreign direct investments.