by: Dr. Chheang Vannarith
Economic performance in Cambodia over the last decade has been remarkable with an average annual growth rate of about 8 percent. However, there are uncertainties and unpredictability in the post-2013 election political crisis and the economic implications of which are still looming. Political polarisation is leading to social fragmentation. There is persistent threat from labour disputes and strikes. Reforms have yet delivered concrete results. The supply of qualified skilled-labour is very limited.
0 Comments
Eric Sidgwick and Hiroshi Izaki
Today, Cambodia’s urban areas generate 50 per cent of gross domestic product (GDP) and are home to more than 20 per cent of the total population of almost 15 million. By 2030, Cambodia’s urban population is expected to double, while the urban share of the national economy is estimated to rise to 70 per cent. Phnom Penh, a city of 1.5 million people, and other major urban centres will experience rapid growth and migration of people in search of a better life. 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. |
Categories
All
Archives
October 2017
Disclaimer: All views expressed here belong to their respective author and do not represent the views of Enrich Institute
|