By Kenneth Wilson
It is stating the obvious to say that traffic congestion in Phnom Penh is approaching a crisis. Will Phnom Penh be another Bangkok or Jakarta? Both reached gridlock before being forced to tackle the problem. Or might Phnom Penh be able to avoid the inevitable in the same way that it has gone from having almost no landline phones to having one of the most extensive mobile phone networks in the region? With road infrastructure becoming overwhelmed with vehicles, how will the country cope with this challenge in the future? Will the rise of car ownership be counterbalanced by rising fuel prices and, yet, increasing pollution and smog?
How to grow Cambodia
by: Faisal Ahmed, Rupa Duttagupta and Olaf Unteroberdoerster
Cambodia’s economic take-off has been truly impressive. With peace and stability, and the government’s focus on export-led development, growth has averaged about 8 per cent in the last decade, doubling per capita income and halving the poverty rate. Cambodia is now poised to enter the next phase of its development and with aspirations to soon join the ranks of emerging markets, the focus now, understandably, is on the continuity of that take-off.
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