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

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be