This article, while more of an opinion piece, offers a unique contrast to the last article I posted. In fact, from this author's viewpoint, the business forecast in Cambodia is nearly polar opposite to the bleak forecast presented in the last article! I guess that's one of the difficulties of news and opinions--there is an abundance of both championing different perspectives.
The Cambodian government has been encouraging foreign and local investment, as seen by the opening of the Cambodia Security Exchange last year (one of the last countries in Southeast Asia to open a stock exchange). The author also cites the tourism industry at a plus, noting that Angkor Wat (which we will visit!) has a magnetic pull to tourists given its historical importance, which results in great profits for the neighboring hotels and airports. Perhaps most interesting, the author suggests that Cambodia is "one of the fastest developing economies in Southeast Asia", with GDP growth in 2011 expected to be the second highest in Southeast Asia.
I find it very interesting how opposite the author's viewpoint is in comparison to the marketing research report I cited in my last blog post. Clearly Cambodia is still a developing economy, and its economic future cannot be pinned down completely in hard terms. I look forward to visiting and seeing the business environment for myself.
http://articles.businessinsider.com/2012-02-29/markets/31109272_1_khmer-empire-angkor-wat-market
Trevor Habermeyer
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