Culture In Cambodia

2319 Words5 Pages

Cambodia
Cambodia is located in Southeastern Asia and shares borders with Thailand, Vietnam, and Laos. The Mekong River flows from the northern section of the country south into the Mekong Delta found in Vietnam (“Cambodia Market Profile”). Cambodia has a total area of 69,900 square miles, making the country roughly the size of the state of Missouri. (“Cambodia Market Profile”). With a population of approximately 15 million as reported by Nations Online, Cambodia is ranked the seventh most populous country in Southeastern Asia (“Countries by Continents ___ Countries of Asia”). Approximately 1.5 million of their population is concentrated in the capital city of Phnom Penh (“Facts”). The country is divided into 24 provinces and 4 municipalities. Khmer is the main language spoken in Cambodia is and Buddhism is the most practiced religion (“Country Profile for Cambodia”).
International Trade
Exports
“Cambodia is one of the few Least Developed Countries to export over $2 billion worth of goods (Doing Business in Cambodia).” In 2012, Cambodia was reported to have exported an annual total of $5.48 billion in U.S. dollars (Kunmakara and Xiang). The highest quarterly amount reported was $1.8 billion U.S. dollars during the third quarter of 2013 (“Cambodia Exports”). After joining the World Trade Organization in 2004, Cambodia has experienced extraordinary economic growth, largely due to it’s largest trading partner – the United States. (Doing Business in Cambodia). While Cambodia only holds 0.04 percent of the world’s share of world total exports, its small economy is rapidly quickly.
The major exports produced by Cambodia include goods from the agricultural, fuel and mining, and manufactures industries (“Cambodia – Trade Profiles”). Th...

... middle of paper ...

...t system (“Country Profile of Cambodia”).
Currently, Cambodia is experiencing a time of political and social unrest. Hun Sen was elected the Prime Minister of Cambodia after a disputed election. Street protestors have been killed and it is feared this unrest will continue. Prime Minister Hun Sen has been known for his brutality and lack of concern for human rights (Campbell).
Conclusions and Recommendations
The United States should view Cambodia as a nation that has great potential for economic success. Cambodia has offered many opportunities for foreign investors with great incentives. The economic indicators are constantly growing. In order to continue with this trend of progress, the infrastructure is being upgraded and small victories for human rights are being witnessed. These factors indicate the business environment is favorable for investment in Cambodia.

Open Document