Connect with us

Cambodia

Development report boasts China as growth model

Workers oversee the construction of a Chinese-funded bridge over the Tonle Sap river in Phnom Penh earlier this year. Photograph: Hong Menea/Phnom Penh Post It’s been done numerous times, comparing the “China miracle” to its emerging and frontier neighbours as a benchmark for development.Cambodia might seem an ill-fitted student of the world’s second-biggest economy. But a recent report from the Cambodia Development Resource Institute pointed to some lessons the Kingdom should heed.The CDRI report, released yesterday, looked to China’s model for developing industry, agriculture and alleviating poverty, as well as how the strategy could apply to Cambodia.“China’s development experiences and reform are ones that Cambodia can further examine as heavy involvement of the Chinese government in the development process has contributed to its impressive growth for the last three decades,” the report said.The two countries – their budgets, demographics, markets – are fundamentally different, and it could be difficult to apply China’s growth lessons in Cambodia, Chheng Kimlong, a business and economics lecturer at the University of Cambodia, said.But the manner in which the Chinese government has supported select sectors has been an important part of the country’s development strategy, he said.“One of the things that China is depending on is the advancement of technology.

Avatar

Published

on

It’s been done numerous times, comparing the “China miracle” to its emerging and frontier neighbours as a benchmark for development.Cambodia might seem an ill-fitted student of the world’s second-biggest economy. But a recent report from the Cambodia Development Resource Institute pointed to some lessons the Kingdom should heed.

The CDRI report, released yesterday, looked to China’s model for developing industry, agriculture and alleviating poverty, as well as how the strategy could apply to Cambodia.

“China’s development experiences and reform are ones that Cambodia can further examine as heavy involvement of the Chinese government in the development process has contributed to its impressive growth for the last three decades,” the report said.

The two countries – their budgets, demographics, markets – are fundamentally different, and it could be difficult to apply China’s growth lessons in Cambodia, Chheng Kimlong, a business and economics lecturer at the University of Cambodia, said.But the manner in which the Chinese government has supported select sectors has been an important part of the country’s development strategy, he said.“One of the things that China is depending on is the advancement of technology.

See original here:
Development report cites China as growth model

Comments

Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

Avatar

Published

on

The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

(more…)
Continue Reading

Cambodia

Cambodia’s aid and investment affair with China

China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.

East Asia Forum

Published

on

The debate about China’s rapidly growing global investment and development financing footprint has focused on deciphering Chinese intentions — whether China aims to revise or maintain the US-led ‘liberal international order’.

(more…)
Continue Reading

Cambodia

Thailand pushes CLMVT as the “New Value Chain Hub of Asia”

The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand

National News Bureau of Thailand

Published

on

BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending