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Research and Development |
Cambodia Economic Overview |
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Assignments
Research Finding
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Research Paper
Essay Creative Project |
Cambodia's economy slowed dramatically in 1997-98 due to the
regional economic crisis, civil violence, and political infighting. Foreign
investment and
tourism fell off. In 1999, the first full year of peace in 30 years,
progress was made on economic reforms and growth resumed at 5%.
GDP growth for 2000 had been projected to reach 5.5%, but the worst
flooding in 70 years severely damaged
agricultural crops, and high
oil prices hurt industrial production, and growth for the year is
estimated at only 4%. In 2001, severe
floods damaged an estimated 15% of the area devoted to
rice.
Tourism now is Cambodia's fastest growing
industry, with arrivals up 34% in 2000 and up another 40% in 2001 before
the September 11
terrorist attacks in the
US. The long-term development of the economy after decades of war
remains a daunting challenge. The population lacks
education and productive skills, particularly in the poverty-ridden
countryside, which suffers from an almost total lack of basic
infrastructure. Fear of renewed political instability and
corruption within the government discourage foreign investment and delay
foreign aid. On the brighter side, the government is addressing these issues
with assistance from bilateral and multilateral donors. Source: Nationmaster.com |
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Education in Cambodia | |||||||||||||||||||||||
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Public Institutions Royal University of Phnom Penh Royal University of Agriculture Maharishi Vedic University Institute of Technology of Management National Institute of Management Faculty of Law and Economic Sciences Private Institutions Panasastra University of Cambodia International University University of Cambodia |
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