Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia at economic teach in



Cambodia at economic teach in

Cambodia at economic teach in

B

ANGKOK-The different experiences of East Asian "miracle" economies can teach

poorer neighbors how to develop and maintain rapid economic growth, United

Nations and World Bank officials said.

The UN Economic and Social

Commission on East Asia and the Pacific (Escap) and the World Bank presented

studies of Asia's model economies to poorer South and Southeast Asian nations at

a two-day conference in Bangkok starting on May 19.

"Look behind the talk

of an East Asian miracle and see the many contrasts and country differences

which are at least as important as the overall picture," the World Bank's

Callisto Madavo said at the opening ceremony.

Successful economies being

held up as examples were Hong Kong, Indonesia, Malaysia, South Korea, Singapore

and Thailand.

Countries at the conference are Bangladesh, India, Iran,

Nepal, Pakistan, Sri Lanka, China, Mongolia, Cambodia, Laos, Burma, Philippines

and Vietnam.

"The rich diversity of experience in the region...provides

fertile ground for drawing policy lessons and to benefit from each others'

experience," Escap Secretary-General Rafeeuddin Ahmed said at the ceremony.

-Reuters

countries into complacency, he said, adding that per capita income

in East Asia remains at $600 and that many people lifted from absolute poverty

are now just above the poverty line.

"Their future, and the prospects of

generations to come, depends on continuing bold reforms to build on the

achievements so far," Madavo said.

If developing nations sacrifice their

environments for economic gain, their growth will be slowed or stopped later

when they have to pay to clean up their mistakes, Madavo said.

"Like the

fight against poverty, the fight against environmental destruction is something

best done as a society develops," he said.-Reuters

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • PM asks India for vaccine help

    Prime Minister Hun Sen is seeking assistance from India for the provision of Covid-19 vaccines as the country has produced its own vaccine which is scheduled to be rolled out to more than 300 million Indians this year. The request was made during his meeting with

  • Capital set to beef up security

    Phnom Penh municipal governor Khuong Sreng held the first meeting of the year with heads of armed forces in the capital to review and repair the deficiencies related to gun control, drug crimes, social order disruptions due to alcohol consumption and traffic law enforcement. Municipal