Cambodia is on course to be the next Asian Tiger, and that is good news for America.
Ford Motors recently announced that it is building a $21 million assembly plant in the Pursat province of Cambodia. And the recent virtual business summit showcased the ease of doing business in Cambodia experienced by U.S. companies in a range of industries—from energy to manufacturing, and financial services to health care.
The Asian Development Bank first dubbed Cambodia as “Asia’s New Tiger” in 2016. Two years earlier, the World Bank said that, from 2004 through 2011, “Cambodian economic growth was tremendous, ranking amid the best in the world. Moreover, household consumption increased by nearly 40 percent. And this growth was pro-poor—not only reducing inequality, but also proportionally boosting poor people’s consumption further and faster than that of the non-poor.”
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