Economic development requires rule of law: ESCAP
Cambodia has enjoyed strong economic growth but needs to improve its governance and rule of law in order to promote greater development, the Economic and Social Commission for Asia and the Pacific said in a report released on May 8. The UN agency noted in its Economic and Social Survey of Asia and the Pacific 2017 that Cambodia experienced steady 7.2 percent growth in 2016, led by the growth of garment exports. “Exports of readymade garments, accounting for about 80 per cent of total exports, continued to expand well as a result of privileges enabling countries such as Cambodia to gain market access in developed countries,” it said, adding that the sector employed around 600,000 people in the Kingdom.
