Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Economic freedom low: report

Economic freedom low: report

Economic freedom in Cambodia worsened over the past year, according to the latest report from the Heritage Foundation, a conservative think tank based in the US.

Assembled in cooperation with the Wall Street Journal, the 2014 Index of Economic Freedom cites government corruption, a weak judicial system, land grabs, regulatory inefficiencies, a lack of labour freedoms and a government hand in markets as factors contributing to a small backstep.

Cambodia is ranked 108 out of 178 countries surveyed, with an overall score of 57.4, a 1.1-point dip from last year’s results. The Kingdom is ranked 23 out of 42 countries in the region, and its overall score falls short of the Asia-Pacific average, the authors of the report said.

The annual index ranks countries based on their regulatory and legal environment, the limit of government intervention in the economy and market openness.

Hong Kong tops the rankings with a score of 90.1, with Singapore not far behind. Myanmar was the most improved, and North Korea bottoms out the list at number 178 with a score of just 1.0.

Calls to the Ministry of Economy and Finance and the Press & Quick Reaction Unit at the Council of Ministers were not returned yesterday.

0

Comments

Please, login or register to post a comment

Latest Video

Phoeung Kompheak plays Comrade Duch in upcoming film 'The Gate'

Comrade Duch portrayed by his former translator

Phoeung Kompheak used to work as Duch's translator at the Khmer Rouge tribunal. Now he's portraying him onscreen in Régis Wargnier's The Gate (Le temps des aveux).

Mark Morris Dance Group's Khmer Triumph

The world renowned Mark Morris Dance Group swirled into the Kingdom to perform and share their knowledge with local dancers as part of the US State Department's Dance Motion USA program.

Paris Peace Agreements

Anniversary met with animosity

Anti-Vietnamese sentiment strong at commemoration of Paris Peace Agreements.