World Atlas - About Cambodia. Economy. of. Cambodia. From 2. 00. 4- 2. Cambodian economy expanded by more than 1. The onset of the global recession led to a 1% contraction in 2. The economy is heavily dollarized; the dollar and riel can be used interchangeably. Cambodia remains heavily reliant on foreign assistance- -about half of the central government budget depends on donor assistance. Foreign direct investment (FDI) has increased 1. Manufacturing output is concentrated in the garment sector, and garments dominate Cambodia's exports, especially to the U. S. The industry expanded rapidly from the mid- 1. However, the global economic slowdown caused a drop in demand, resulting in a more than 2. Tourism levels, which increased to approximately two million arrivals in 2. The service sector is heavily concentrated in trading activities and catering- related services. Exploratory drilling for oil and natural gas began in 2.
Cambodia's reserves are. In spite of recent progress, the Cambodian economy continues to suffer from the legacy of decades of war and internal strife. Per capita income and education levels are lower than in most neighboring countries. Infrastructure remains inadequate, although road networks are improving rapidly. Most rural households depend on agriculture and its related subsectors. Corruption and lack of legal protections for investors continue to hamper economic opportunity and competitiveness. The economy also has a poor track record in creating jobs in the formal sector, and the challenge will only become more daunting in the future since 5. GDP (2. 01. 0 est.): $1. Per capita GDP (2. Annual growth rate (2. Inflation (2. 01. Natural resources: Timber, gemstones, some iron ore, manganese and phosphate, hydroelectric potential from the Mekong River, unknown quantities of oil, gas, and bauxite. Agriculture (3. 3. GDP, 2. 00. 9): About 4,8. Products- -rice, rubber, corn, meat, vegetables, dairy products, sugar, flour. Industry (2. 1. 4% of GDP, 2. Types- -garment and shoe manufacturing, rice milling, tobacco, fisheries and fishing, wood and wood products, textiles, cement, some rubber production, paper and food processing. Services (3. 9. 8% of GDP, 2. Tourism, telecommunications, transportation, and construction. Central government budget (2. Revenues- -$1. 3. Trade: Exports ($3. Major partners- -United States, Germany, U. K., Singapore, Japan, Vietnam. Imports ($5. 4 billion, 2. Major partners- -Thailand, Singapore, China, Hong Kong, Vietnam, Taiwan, United States. Economic aid received: $9. Major donors- -Asian Development Bank (ADB), UN Development Program (UNDP), World Bank, International Monetary Fund, Australia, Canada, China, Denmark, the EU, France, Germany, Italy, Japan, Sweden, Thailand, the U. K., and the U. S. Bringing the blue world into the green economy. The power of pollinators: why more bees means better food. How bees impact nutrition and why and how to preserve them. Cambodia job listing for employment opportunities in Phnom Penh. World Vision International. Child Nutrition Program Coordinator. Principal foreign commercial investors: Korea, China, Russia, Thailand, the U. S., and Vietnam. Exchange rate (2. U. S. It shares a land border with Laos in the northeast. Cambodia has a sea coast on the Gulf of Thailand. The Dangrek Mountain range in the north and Cardamom Mountains in the southwest form natural boundaries. Principal physical features include the Tonle Sap lake and the Mekong and Bassac Rivers. Cambodia remains one of the most heavily forested countries in the region, although deforestation continues at an alarming rate. Official Name: Kingdom of Cambodia. Area: 1. 81,0. 40 sq. Battambang, Siem Reap, Kompong Cham, Kompong Speu, Kompong Thom. Terrain: Central plain drained by the Tonle Sap (Great Lake) and Mekong and Bassac Rivers. Heavy forests away from the rivers and the lake, mountains in the southwest (Cardamom Mountains) and north (Dangrek Mountains) along the border with Thailand. Climate: Tropical monsoon with rainy season June- Oct. The Royal Government of Cambodia, formed on the basis of elections internationally recognized as free and fair, was established on September 2. The executive branch comprises the king, who is head of state; an appointed prime minister; 1. The bicameral legislature consists of a 1. National Assembly and a 6. Senate. The judiciary includes a Supreme Court, lower courts, and an internationalized court with jurisdiction over the serious crimes of the Khmer Rouge era. Administrative subdivisions are 2. While the post- 1. In 1. 99. 7, factional fighting between supporters of Prince Norodom Ranariddh and Hun Sen broke out, resulting in more than 1. FUNCINPEC deaths and a few Cambodian People's Party (CPP) casualties. Some FUNCINPEC leaders were forced to flee the country, and Hun Sen took over as Prime Minister. FUNCINPEC leaders returned to Cambodia shortly before the 1. National Assembly elections. In those elections, the CPP received 4. FUNCINPEC 3. 2%, and the Sam Rainsy Party (SRP) 1. Due to political violence, intimidation, and lack of media access, many international observers judged the elections to have been seriously flawed. The CPP and FUNCINPEC formed another coalition government, with CPP the senior partner. Cambodia's first commune elections, held in February 2. National Assembly elections in July 2. A political stalemate ensued which was not resolved until July 2. National Assembly approved a controversial addendum to the constitution in order to require a vote on a new government. The National Assembly then approved a new coalition government comprised of the CPP and FUNCINPEC, with Hun Sen as Prime Minister and Prince Norodom Ranariddh as President of the National Assembly. The SRP, with support from various non- governmental organizations (NGOs), asserted the addendum was unconstitutional and boycotted the vote. On October 7, 2. 00. King Sihanouk abdicated the throne due to illness. On October 1. 4, the Cambodian Throne Council selected Prince Norodom Sihamoni to succeed Sihanouk as King. King Norodom Sihamoni officially ascended the throne in a coronation ceremony on October 2. In February 2. 00. National Assembly voted to lift the parliamentary immunity of three opposition parliamentarians, including SRP leader Sam Rainsy, in connection with lawsuits filed against them by members of the ruling parties. One of the parliamentarians, Cheam Channy, was arrested and later tried, while Sam Rainsy went into self- imposed exile. In October 2. 00. Cambodia's border treaties with Vietnam and later detained four human rights activists following International Human Rights Day in December. In January 2. 00. Prime Minister's decision to release all political detainees and permit Sam Rainsy's return to Cambodia. Following public criticism by Hun Sen, Prince Ranariddh resigned as President of the National Assembly in March 2. He later broke with FUNCINPEC and founded a new party, the Norodom Ranariddh Party (NRP). In 2. 00. 7, Ranariddh was convicted of corruption by a Cambodian court and fled to Malaysia to avoid imprisonment. In October 2. 00. Cambodia. Shortly afterward, he announced that he was withdrawing from politics. However, in December 2. Ranariddh announced plans to re- enter politics, and the Nationalist Party reverted to its former name, the Norodom Ranariddh Party (NRP), with Ranariddh as its leader. Cambodia's second commune elections were held in April 2. National Assembly elections in July 2. In both cases, there was little of the pre- election violence that preceded the 2. Both polls resulted in victories for the Cambodian People's Party, with the Sam Rainsy Party emerging as the main opposition party and the royalist parties showing weakening support. The Assembly inaugurated in September 2. CPP (9. 0 seats) and FUNCINPEC (2 seats). The SRP (2. 6 seats) and the Human Rights Party led by Kem Sokha (3 seats) are in opposition. The NRP (2 seats) has announced its intention to merge with FUNCINPEC by 2. The CPP- led coalition retained Hun Sen as Prime Minister, as well as most of the key leaders from the previous government, and all ministers are from the CPP. In May 2. 00. 9, non- universal elections were held when commune council members chose representatives to district councils, city councils, and provincial councils, which would have administrative and budgetary powers at the local level. In 2. 00. 9, the CPP- dominated parliament voted again to lift the parliamentary immunity of three members of the opposition, including Sam Rainsy, in order to allow civil or criminal charges to be pursued. Sam Rainsy was convicted in absentia and sentenced to 2 years prison in January 2. Cambodia- Vietnam border. He remains outside the country. A second SRP member was convicted of defaming the Prime Minister; after refusing to pay the court- ordered fine and exhausting all appeals, the court ordered the lawmaker. The member began advocating for restoration of parliamentary immunity in January 2. A third SRP member was ultimately acquitted on all charges. The 1. 99. 3 constitution provides for a wide range of internationally recognized human rights, including freedom of the press. While freedom of the press has improved markedly in Cambodia since the adoption of the constitution, limitations still exist on mass media. Much of the written press, while considered largely free, has ties to individual political parties or factions and does not seek to provide objective reporting or analysis. Cambodia has an estimated 2. Khmer- language newspapers that are published regularly. Of these, eight are published daily; three opposition papers are published regularly and two of these are daily publications. There are two major English- language newspapers, two of which are dailies. Broadcast media, in contrast to print, is more closely controlled. It tends to be politically affiliated, and access for opposition parties is extremely limited. Principal Government Officials. King and Head of State- -His Majesty Norodom Sihamoni. Prime Minister and Head of Government- -Hun Sen. President of the Senate- -Chea Sim. President of National Assembly- -Heng Samrin. Cambodia's embassy in the United States is located at 4. Street NW, Washington DC 2. Type: Multiparty democracy under a constitutional monarchy. Independence: November 9, 1. Constitution: September 2.
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