By Leon Kaye | September 7th, 2010 Triple Pundit
Southeast Asia’s economy overall is booming, but not all nations are benefiting from the same levels of investment and success. One nation that is lagging behind is Cambodia. Education and infrastructure are lacking, and poverty is still widespread, especially in the countryside. Business leaders see the garment industry as an opportunity to lift the country’s economic prospects, but not all investors are convinced: The World Bank ranks Cambodia 145th in its “Ease of Doing Business” rankings. And while tourism has increased, many locals do not share in the economic benefits. While visitors marvel at Angkor Wat’s countless temples and stay at posh hotels, women in the area are often relegated to work like construction, which can pay as low as US$1 a day for a long day of hard labor. Read the rest of the article at www.triplepundit.com.
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