Trade Policy Challenges in a Small, Open, Fragile, Postconflict Economy: Cambodia
Hill, Hal; Menon, Jayant | October 2014
Abstract
This paper analyzes the World Trade Organization’s (WTO) Trade Policy Review: Cambodia, the first completed for the country. The report highlights Cambodia’s rapid economic growth after one of the world’s worst genocides in the 20th century. This growth has been underpinned by open trade and investment policies in the context of dynamic neighborhood growth effects. The trade regime is mainly tariff-based, with modest inter-sectoral variations in rates. Cambodia has limited trade policy space. It is a signatory to the 10-nation ASEAN Free Trade Agreement,soon to become the ASEAN Economic Community. Moreover, given its long and porous borders with the much larger, dynamic economies of Thailand and Viet Nam, any major cross-border price differences will quickly result in informal trade with these economies, and the People’s Republicof China nearby. Most of the country’s trade policy challenges are “behind-the-border” issues, a legacy of a generation of civil war and conflict. These include weak bureaucratic capacity, high levels of corruption, poor infrastructure, and limited human capital.
Citation
Hill, Hal; Menon, Jayant. 2014. Trade Policy Challenges in a Small, Open, Fragile, Postconflict Economy: Cambodia. © Asian Development Bank. http://hdl.handle.net/11540/1281. License: CC BY 3.0 IGO.ISSN
2313-5999
2313-6006
Keywords
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
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