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This paper analyses key contributors to sustainable livelihoods in the Lower Mekong Basin (LMB), Cambodia, by focusing upon villagers' access to assets, adaptation to shock and stress, and their degree of resilience to declines in natural resources. The study reveals that their access to the five assets for sustainable livelihoods is limited; that their capacity to adapt to shock and stress is low due to floods, drought and high food prices; and that their resilience to declines in natural resources is weak. Improvement in their capacity to adapt and in their resilience will be influenced by the degree to which they can access human, physical and social assets. [ABSTRACT FROM AUTHOR]