Good Governance Needed for Sustainable Growth
Note: This article was originally published in The Phnom Penh Post on 16 January. Economic Research Institute for Asean and East Asia (ERIA) was mentioned.
Cambodia is one of the most successful countries in achieving high and rapid economic growth in Asia and the world. The average 7 per cent of annual GDP growth in the past two decades has lifted millions of people out of poverty. In 2015, Cambodia graduated from low-income country status and became a member of the lower-middle-income group. The Royal Government of Cambodia aspires to become an upper-middle-income country by 2030 and a high-income country by 2050.