UNDP: Cambodia Should Diversify Economy to Ease Pressure on Vulnerable Groups

A new United Nations report says Cambodia needs to diversify the economy to help protect vulnerable groups, such as women workers, from downturns.

24 November 2009
By Ron Corben, VOA New
Bangkok

"The quicker we can do to improve competitiveness, the economic diversification the better chance we will recover from the economic downturn," research consultant Chan Sophal says.

A new United Nations report says Cambodia needs to diversify the economy to help protect vulnerable groups, such as women workers, from downturns. The report also calls for the government to see the current slump as an opportunity to speed up structural changes.

The United Nations Development Program urges the Cambodian government to shift away from relying on the garment industry, which is vulnerable to sharp economic shocks such as the recent financial crisis.

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