Sok Khemara, VOA Khmer
Washington, DC Wednesday, 29 December 2010
"Cambodian garment workers have low salaries, making it more attractive amid strong competition."
With strong recovery in garments and tourism, and strong growth in agriculture, the International Monetary Fund and government predict a growth rate of 6 percent to 7 percent next year.
But an independent analyst says Cambodia could see growth as high as 10 percent in coming years if governance is improved.
“If there is good reform on good governance, we will have powerful growth, more than 10 percent,” said Chan Sophal, director of the Cambodian Economic Association. “If we reform slowly, we’ll get growth of 6 percent to 7 percent a year.”
Shared wealth and the benefits of that growth will also depend on good governance, he said. Economic equity means that people receive a good base depending on their capacity, knowledge and resources.
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But an independent analyst says Cambodia could see growth as high as 10 percent in coming years if governance is improved.
“If there is good reform on good governance, we will have powerful growth, more than 10 percent,” said Chan Sophal, director of the Cambodian Economic Association. “If we reform slowly, we’ll get growth of 6 percent to 7 percent a year.”
Shared wealth and the benefits of that growth will also depend on good governance, he said. Economic equity means that people receive a good base depending on their capacity, knowledge and resources.
Please click here to read more...
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