The Economy of Cambodia
Upgrading: Diversification, Skills and Trade
Cambodia aims to move beyond garments through agriculture processing, electronics assembly, logistics and digital services, but faces skills and trade challenges.
Growing beyond cheap labour.
Diversification
New factories make bicycles, electronics and travel goods.
Skills
Training in technical and English skills is needed.
Trade
Membership in RCEP and bilateral deals expand market access, while EU preferences face political pressure.
Infrastructure
New expressways, ports and a canal project are planned.
A new line
A factory adds electronic component assembly beside its garment lines.
Assuming cheap labour will last forever
Wages rise and rivals emerge.
Key takeaways
- Diversification is a priority.
- Skills are needed.
- Trade deals help.
- Infrastructure is being built.
No recording for this one yet - EconReader can read it aloud for you.