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Posted by: | Posted on: December 16, 2012

Time to invest in people

Op-Ed: Phnom Penh Post


For more than a decade, Cambodia has sustained impressive economic growth.

The World Bank expects real gross domestic product to increase by 6.6 per cent this year – a figure to be envied in today’s fragile global economy.

At this pace, Cambodia can rapidly become the industrialised and productive economy it aspires to be.

Is this the future that Cambodians can rightfully look forward to?

The answer is yes, but only if Cambodia invests in its most precious resource – its people – to enable each individual to realise his or her potential and productively contribute to the nation’s economy.

Until now, much of Cambodia’s investment has focused on infrastructure, agriculture and manufacturing – priority areas during the early stages of the country’s economic development.

But with economic progress, it has become increasingly clear that these efforts are not enough to help the country achieve equitable, sustainable growth and, most important, reduce poverty.
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