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

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.

MOST VIEWED

  • Protests planned in New York as Hun Sen to attend the UN

    Prime Minister Hun Sen will speak at the United Nations General Assembly in New York this week. But US-based supporters of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) plan to throw eggs at his car as part of a series of protests to coincide

  • CPP: ‘Behave or Sokha suffers’

    The ruling Cambodian People’s Party (CPP) spokesman warned Kem Monovithya on Thursday that her attempt to damage “national reputation and prestige” would lead to her father, Kem Sokha, receiving even harsher punishment. Sok Eysan issued the warning as Monovithya, who is the court dissolved

  • News Analysis: Defiance can last for how long?

    The Cambodian government has so far stood strong in the face of mounting international pressure over its treatment of critics, but analysts, diplomats and ruling party officials now wonder how long the defiance can last. The European Union has led the firestorm of criticism, threatening

  • ‘Freedom fighters’ or ‘foreign puppets?’

    Former Cambodia National Rescue Party (CNRP) official Meach Sovannara was joined by supporters at a rally in California on Saturday, where a US lawmaker hailed members of the outlawed opposition as “great freedom fighters”. However, a Cambodian government spokesman said such a phrase belonged to