Cambodian Economy in Post-Crisis Environment: Industrial Policy - Options Toward a Sustainable Development
16 - 17 February 2011
Before the global economic crisis, Cambodia had enjoyed economic growth averaging at more than nine percent per annum from 1997 to 2008, making the country one of the best performers in the Southeast Asian region. This remarkable growth was largely due to success in four main sectors: clothing, tourism, construction and agriculture. Due to its narrow economic base, Cambodia subsequently became one of the hardest hit countries in the region with output contracting in 2009. Although key economic indicators show that the country has rebounded quite well since 2010, the recent crisis exposed weakness in Cambodia’s economic structure which is heavily reliant on too few engines for growth.
Against this backdrop, the fourth Cambodia Economic Forum (CEF) was held in Phnom Penh, on 16-17 February 2011. Titled “Cambodian Economy in Post-Crisis Environment: Industrial Policy – Options Towards a Sustainable Development”, it was organised by the Supreme National Economic Council (SNEC), the economic think-tank for Cambodia’s Prime Minister Hun Sen, with the support of the United Nations Development Programme, Asian Development Bank and the World Bank. (see below to find out more about the forum materials)
In his keynote address to the Forum, Prime Minister Hun Sen said: “There is no doubt that there is an urgent need for Cambodia to modernize its economy; in practical terms this means “Promoting the Development of Industrial Sector”. Modernizing the economy by promoting industrial development is an appropriate and necessary solution for achieving sustainable growth of the Cambodian economy and will take it to a higher stage of development.”
Discussions at the Forum covered five broad areas:
• Diversifying the narrow base of the country’s economy;
• Investing in human capital to support industrial development;
• Role of the state in industrial development;
• Regional and local context of Cambodia’s industrial development in the regional and international context; and
• Reforming Special Economic Zones in Cambodia.
In his remarks to the Forum, Dr. Ajay Chhibber, UN Assistant Secretary-General, UNDP Assistant Administrator and Regional Director for Asia and the Pacific, noted that economic diversification and enhancing regional trade links will help further compliment Cambodia’s efforts to promote economic resilience.
“If the crisis has brought one proposition to global attention, it is this: resilient growth is as important as high growth. Resilience comes from greater inclusion, be it of citizens, of groups, of workers or of regions, in the process by which growth is generated,” said Dr. Chhibber, who attended the Forum as part of his official visit to Cambodia.
The event brought together over 600 participants, including national and international experts from countries such as China, Indonesia, Japan, Malaysia, Singapore and Vietnam. Representatives from the UNDP International Poverty Center for Inclusive Growth were also present as well as, policy makers, senior government officials from line ministries and provincial level offices, private sector representatives, development partners, civil society organizations, research institutes, and university students.
The Cambodia Economic Forum is a regular conference organized by the Supreme National Economic Council with support from the UNDP since 2006. The outcomes of this forum are important for developing the economic research agenda to support the Prime Minister in making effective economic decisions for sustainable and inclusive growth in the future.
On this webpage you will find presentations and papers by main presenters and panelists in each of the sessions of the conference.
- Opening Session
- Keynote Address
- Session 1: Thinking Beyond the Crisis
- Session 2: Directions of Cambodia’s Future Industrial Policy
- Closing Session
Welcome and Introductory Remarks by H.E. Dr. Aun Porn Moniroth, Chairman of SNEC, Minister attached to the Prime Minister, Secretary of State of the Ministry of Economy and Finance
Remarks by Mr. Qimiao Fan, World Bank Country Manager
Remarks by Mr. Putu M. Kamayana, Country Director, ADB Cambodia Resident Mission
Perspectives by Dr. Ajay Chhibber, UN Assistant Secretary-General and UNDP Assistant Administrator and Regional Director for Asia and the Pacific
Chair: H.E. Mr. Keat Chhon, Deputy Prime Minister, Minister of Economy and Finance, and Honorary Chair of the SNEC
International and Regional Perspectiveby Dr. Rathin Roy, International Policy Center for Inclusive Growth
National Perspectiveby H.E. Dr. Hang Chuon Naron, Permanent Vice-Chairman of SNEC, Secretary of State of the Ministry of Economy and Finance
Chair: H.E. Dr. Aun Porn Moniroth, Chairman of SNEC, Minister attached to the Prime Minister, Secretary of State of the Ministry of Economy and Finance
Sub-session 2.1: Industrial Policy Options
Diversifying the Cambodian Economy- The Role of Industrial Developmentby Mr. Ung Luyna (SNEC Research Team Leader), Head of Social Analysis Division, SNEC
Japanese Experiences of Industrial Developmentby Mr. Tatsuya Hoshino, International Business Advisor, Organization for SME & Regional, Japan (SMRJ)
Human Capital Implications of Future Economic Growth in Cambodia: Elements of a Roadmapby Dr. Satish Mishra (Research Team Leader), Managing Director, Strategic Asia and UNDP Research Team
Panelists' PerspectivesDr. Viranchirachi Jebamli, Former Principle Advisor to the Director General of UNIDO
Intervention (En), Intervention (Kh)
Mr. Soem Nara, Deputy Director General, Ministry of Industry, Mines and Energy
H.E. Mr. Heng Sour, Director General, Ministry of Labor and Vocational Training
H.E. Mr. Nath Bunroeun, Secretary of State, Ministry of Education, Youth and Sports
Mr. Bretton Sciaroni, Senior Partner Sciaroni & Associates
Prof. Zhang Xinzhu, Director, Research Center for Regulation and Competition, Chinese Academy of Social Sciences
Dr. Rathin Roy, Director, International Policy Center for Inclusive Growth
Sub-session 2.2: Reforming SEZs
SEZs Development in Cambodiaby H.E. Mr. Sok Chenda, Minister attached to the Prime Minister, Secretary General of CDC
Chinese Experiences of SEZs Developmentby Mr. Xu Li Qing, Vice President of Jiang Nan Development Research Institute & Jiang Nan Business School
Panelists' PerspectivesMr. Hiroshi Uematsu, Managing Director of Phnom Penh SEZ Co. Ltd.
Mr. Peter J. Brimble, Senior Country Economist, ADB
Mr. Stephane Guimbert, Senior Economist, the World Bank
Mrs. Seetoh Kum Chun, Vice-President (Planning), Jurong Consultants
Mr. Vo Son Dien, Advisor & Marketing Director, BECAMEX IDC CORP.
Summing Up and Proposed Follow-up by H.E. Dr. Aun Porn Moniroth, Chairman of SNEC, Minister attached to the Prime Minister, Secretary of State of the Ministry of Economy and Finance
Closing Remarks by H.E. Mr. Keat Chhon, Deputy Prime Minister, Minister of Economy and Finance, and Honorary Chair of the SNEC