by Lady Fawkes » Sun Nov 14, 2021 8:31 pm
The sensible comments in this thread are from Lucky Lucan and v12.
Cambodia economy will very likely achieve GDP growth of 5% in 2022, and as much as 7% in subsequent years. That is pretty much the consensus forecasts of the IMF, World Bank, Asian Development Bank, and other credible observers / participants of the Cambodian economy. I am part of that group (and have resided in Cambodia for over 10 years.)
There is no "requirement" for democracy to achieve steady GDP growth for a long periode of timne. Prior to Covid, Cambodia achieved this for close to 10 years. In the original tiger economies, Korea was not a democracy, Singapore was kind of a fake democracy, and Taiwan had not yet evolved into the vibrant democracy it has now become. The most significant example of non-democracy is of course China, with 30 years of unprecedented GDP growth.
By the way, the Vietnam government still enjoys a very high level of influence in Cambodia, despite the arrival of China. For rather complicated historical and cuiltural reasons, Thailand's government, and many Thais, still have an intense dislike for Cambodia. That dislike was intensified after the Cambodia military kicked the Thailand military in Preah Vihear in 2014.
Cambodia still lives in a tough neighbourhood.
The sensible comments in this thread are from Lucky Lucan and v12.
Cambodia economy will very likely achieve GDP growth of 5% in 2022, and as much as 7% in subsequent years. That is pretty much the consensus forecasts of the IMF, World Bank, Asian Development Bank, and other credible observers / participants of the Cambodian economy. I am part of that group (and have resided in Cambodia for over 10 years.)
There is no "requirement" for democracy to achieve steady GDP growth for a long periode of timne. Prior to Covid, Cambodia achieved this for close to 10 years. In the original tiger economies, Korea was not a democracy, Singapore was kind of a fake democracy, and Taiwan had not yet evolved into the vibrant democracy it has now become. The most significant example of non-democracy is of course China, with 30 years of unprecedented GDP growth.
By the way, the Vietnam government still enjoys a very high level of influence in Cambodia, despite the arrival of China. For rather complicated historical and cuiltural reasons, Thailand's government, and many Thais, still have an intense dislike for Cambodia. That dislike was intensified after the Cambodia military kicked the Thailand military in Preah Vihear in 2014.
Cambodia still lives in a tough neighbourhood.