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ID120236
Title ProperCambodia's garment industry
Other Title Informationa case study in governance
LanguageENG
AuthorEar, Sophal
Publication2013.
Summary / Abstract (Note)Cambodia has struggled to diversify its economy in the past decade despite nearly double-digit growth per annum. Chinese interest and investment during this time comes at a critical juncture. This investment is driven from Taiwan and Hong Kong and has spilled into multiple industries, but most notably the garment industry which represents 14 per cent of Cambodia's
GDP and is by far its largest foreign exchange earner. The specific investment in garments demonstrates hand-in-hand governance, where governments and firms work together to create an environment generating growth, and thus far has produced positive results. Surprisingly, Cambodia has been able to achieve significant growth with foreign investment despite the minimal enforcement of policies. The garment industry is an exception to the rule and may have enjoyed good enough governance to succeed.
`In' analytical NoteASEAN Economic Bulletin Change the Name of Journal of Southeast Asian Economies Vol. 30, No.1; Apr 2013: p.91-105
Journal SourceASEAN Economic Bulletin Change the Name of Journal of Southeast Asian Economies Vol. 30, No.1; Apr 2013: p.91-105
Key WordsCambodia ;  Garment Industry ;  Governance ;  Political Economy