Cambodia is a development success story but one that is incomplete and now at a critical juncture.
Politically, there is the ushering in of a new generation of leaders that aim to re-energise and sustain Cambodia’s impressive long term developmental progress. This agenda is manifest in the government’s ambition to reach upper middle-income country (UMIC) status by 2030. Yet, the economy has also been heavily damaged by the international economic shocks of recent years including the Covid-19 pandemic, Ukraine crisis, and economic problems in China. Cambodia’s economic and development progress has been substantially set back as a result. Meanwhile, climate change and rising geostrategic tensions in the region also pose significant challenges.
In full: https://www.lowyinstitute.org/publications/cambodia-critical-juncture-its-development-journey
