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.
Better governance will attract more foreign investment, create more jobs and reduce corruption, he said. More workers will be trained, and less land disputes will sow discontent.
Cambodia is located in a part of the world that is growing, attracting Chinese and Vietnamese investment along with the big markets of the US and EU for garments, he said. And while regional neighbors are growing out of garment production, that creates an opportunity for Cambodia to move into more of it, leading to more growth.
Cambodian garment workers have low salaries, making it more attractive amid strong competition, he said.
Chea Mony, president of the Free Trade Union of the Workers of the Kingdom of Cambodia, said more orders had been made in recent months and that some factories are now operating around the clock.
2 comments:
CPP RULES ARE never take any RESPONSIBILITIES for their actions and failure, take everything from the country and it people and give NOTHING bad but only SCRAPE.
Live for the past not the future,
Look after themself and FORGET THE REST OF THE KHMER
Do favours and everything for Vietnam...interests AND CONTINUE TO IGNORE KHMER AND CAMBODIA.
Lip service "Standard" while PRACTICING CORRUPTION AND KILLING.
Econmony let ask our Traitor MP PHD A-Hun Sen what it mean to wreck it...as it have acheived these well under his NONE-LEADER APPROACHES.
The City people are
Chinese and Vietnamese,but poor
farmers live in the
countryside who make
food for the urban people.
The city is growing larger,the poor citizens chase away from town.
The Khmer farmers get poorer and poorer and dumber and dumber.
The govt should look both,build both cities and farms.
Khmer like to farm,not to make business.
There are so many kinds of farms that Khmer farmers can do:cultivate rice,plant fruit trees,sugar cane etc...; raise animal farms,fish etc...;they need running water to take good care of their farms.
Don't let Khmer people to be homeless and beggars.
What I have seen and heard for 30 years in Hun Sen leadership burned Khmer houses,grabbed their land,etc...
How can Hun Sen improve Khmer citizens lives?
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