Cambodia has succeeded in implementing an effective FDI-led development strategy, achieving 7 percent in GDP growth rates accompanied by rapidly falling poverty rate, according to the World Bank (WB).
In its latest report “Cambodia’s Future Jobs: Linking to the Economy of Tomorrow”, the bank also warned the country about existing problems.
It said although Cambodia’s current economic model is still delivering good new jobs, its success may be slowing down. About 80 percent of Cambodians aged 15 or older are working; however, 94 percent of the available jobs are in low-skilled occupations while managers and professionals account for less than 5 percent of all jobs.
© 2019, All rights reserved.