Cambodia’s economy must move beyond garments and tourism

By: Cyn-Young Park


Cambodia’s development in the past two decades has been remarkable. Economic growth has averaged 7.6 per cent a year since 1995. The national poverty rate has been cut in half. Led by supportive government policy, the country’s strengths – in arable land and natural resources, low-cost labour, and cultural heritage – have secured Cambodia a strong global presence in rice production, garments, and tourism.

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