Cambodia Economic Growth and Rich-Poor Disparity
Although Cambodia has achieved a high economic growth and macroeconomic stability in this decade, the gap between the rich and the poor in urban and rural areas is remaining high or even getting wider and wider. To reduce this gap and inequality, the Government of Cambodia has undertaken various reforms in the economic and financial sector such as Public Financial Management Reform Program, Financial Sector Development Strategy 2006-2015, and strengthening the partnership with the develoment partners on harmonization, alignment and result.
In my opinion, by drawing lessons from overseas, Cambodia should enhance and give priority to reform of its taxation system, social security and more support for rural areas to adjust income disparity. The government should focus on policies that lift the incomes of the poor, such as improving rural access to health, education and social protection. More investment in rural infrastructure could also boost productivity in farming and increase job opportunities for the poor. In addition, other measures should also be taken such as building a framework for helping the poor and those unemployed.
In the report "Sharing Growth:Equity and Development in Cambodia", World Bank suggests a number of policies priorities for Cambodia to narrow the gap and inequality:
1.There is a need for continued effort in economic reform and improvement of investment climate. Maintaining the economy’s openness and global outlook will be the best strategy for continued growth and sustained poverty reduction.
2. Priority in land policy should be to accelerate and intensify systemic titling, extending it throughout the country, including to remote, more conflict-prone areas. Land policies within the agricultural strategy should give priority consideration to household farming, including by redistributing idle plantation land to landless poor households.
3. More needs to be invested in building and then maintaining basic infrastructure to connect up remoter parts of the country to economic opportunities and improved social services. Rural roads clearly have a significant impact in equalizing geographical inequalities. There is also a pressing need for increased investment in improved water supply and sanitation in rural areas: the rural-urban gap in access to these facilities remains extremely wide.
Here you can read the full World Bank Report: "Sharing Growth: Equity and Development in Cambodia":
4 comments:
From the top in line 12th, you wrote wrongly the word `inequality`.
Thanks very much. I already corrected it. Hope to get some more comments!
"A great challence of life experience in another country" sounds as a tremendous exposer of achievement. Seen a lot about activities but not the steps of your success factors. Would you mind sharing those experience?
The word "Challengce" does not equal success. Challengce is sth that is difficult or new to us, when we are challenging sth we can get success or failure. To me, what I am challenging is life independent from family, so I have a lot of things that I need to manage myself both study and everyday life. That's kind of self-management. As for social activities, we have chance getting to know many friends from other countries, that means it is a chance of getting familiar with other cultures and also a chance of improving social communication skill. These are the things I called "Challence" and whether it could be called "my success factors" or not, I am in the self-improving process. Thanks for visiting!
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