Cambodia has expanded its economy by an annual average rate of 7 percent. But, just like the original Asian Tigers of the 1960s—South Korea, Taiwan, Hong Kong and Singapore—Cambodia's growth has been strategic and stable. We have not suffered a recession over the last 30 years, even during the Asian financial crisis of the 1990s, the bursting of the dot-com bubble in 2000 and the financial meltdown of 2008.
Cambodia's rapid growth has been fueled by tourism, textiles and garment manufacturing. Construction has boomed, producing high-quality jobs in skilled trades. Foreign investors have flocked to Cambodia's open factories and take advantage of our favorable trade agreements with the United States, the European Union and China. Our employment rate is over 90 percent, and standards of living have improved markedly, particularly in education and health care.

During the economic turndown produced by the coronavirus pandemic, my government invested more than $1 billion to support affected businesses, taking extraordinary measures to keep ordinary Cambodians from sliding back into poverty. We waged an aggressive vaccination campaign, administering over 26 million doses to nearly 90 percent of the country's population—including nearly the entire urban population.

sanjuro wrote: ↑Wed Oct 27, 2021 11:59 pm Cambodia would be happy to embezzle Ford's money and let it sink in a rice field. So Cambodia is going to be an Asian Tiger because they lure in a single production plant?--an ailing American car company, America's pre-eminent auto manufacturer. Suddenly I bet The Khmer are all going to be driving Ford's I suppose. And then ship through where?--the port of Sihanoukville? The Chinese would love that! Ah The humiliation! Does the Ambassador hope to draw new investors, ala "Robinhood" . He sounds so typically Khmer, 'Cambodia very small country..'

sanjuro wrote: ↑Thu Oct 28, 2021 12:44 am You're right, it's been a few years since Cambodia proper...