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
Cambodia Issues Tenth Round of Stimulus Measures
The tourism industry contributes 12 percent of GDP and the government views this industry as an indispensable path towards economic recovery. As such, the government also plans to attract seven million tourists by 2025 and 11 million domestic tourists by 2023.
On October 28, 2021, Cambodia issued its tenth round of stimulus measures to help specific industries mitigate the economic impact caused by the ongoing pandemic. These latest measures are an extension of the support provided in the ninth stimulus package, which was issued in June 2021.(more…)
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.(more…)
ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021
An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Friendly ASEAN’, was moderated by the ASEAN Youth...
Thai Cabinet reverses CCSA relaxation of on-arrival Covid testing protocol
The Center for COVID-19 Situation Administration’s approval of the relaxed testing requirement has been overturned by the Cabinet in light...
Insights into the impact of COVID-19 on Thailand’s households
In April 2020, the Thai government passed a 1 trillion baht borrowing decree to address health needs, provide relief, and...
COVID-19 vaccine guide for travellers to Thailand
International travellers, including returning Thais and foreign residents, who are above 18 years of age should get fully vaccinated for...
True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos
The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of...