Economic Study of Cambodia

[Name of the Student]

[Name of the Institute]

Table of contents

Introduction3

Economic overview of Cambodia4

Labor force4

Allocation of labor force:5

Natural resources5

Capital6

Capital allocation.6

Monetary system8

National Bank of Cambodia9

Financial markets of Cambodia9

Inflation10

Unemployment11

Conclusion13

Economic study of Cambodia

Introduction

The paper aims to discuss the overall economic scenario of Cambodia. It is discussing the main resources (inputs) of the country which includes labor force embracing all age groups and genders, natural resources (minerals, metals, forests, oil etc) and the capital. The paper is discussing the effective distribution of these resources to boost the economic growth of the country. Further, the paper highlights the GDP of Cambodia for the last year and then compares this GDP rate with the rate of previous 10 to 20 years in realize the over al progress of the economy. Moreover, it discusses the unemployment as well as inflation rate for 15 years and extricates the indicators of inflation. In addition to it, the paper covers the scenario of the financial market of Cambodia. At the end, paper discusses the major hurdles in the economic growth of the country and then attempts to provide potential solutions to those hurdles.

Discussion

Cambodia is located at the southern portion of the Indochina peninsula, located at South Asia. The official name of Cambodia is the Kingdom of Cambodia. Capital of Cambodia is Phnom Phenh. With the population of 14,305,183 (2011), Cambodia has become the world's 68th most populated country. Total covered area of Cambodia is 181,035 square kilometers. At the northwest border, Cambodia is connected with Thailand and at the northeast border, it is connected with Laos. Vietnam is located t the east of Cambodia and at the southwest side, it is connected with Gulf of Thailand. In 2011 Cambodia had GDP of 12.88 USD (data.worldbank.org). Currency of Cambodia is Cambodian Riel.

Economic overview of Cambodia

Economic overview is basically a sneak peak layout of economic indicators such as employment rate, inflation rate, foreign investing rate, economic development rate, gross domestic product rate, economic investment schemes, consumer activities etc. An immaculate economic overview consists of two phases; the first phase of an economic overview extricates the main point of economic history, ups and downs of the economy during past few years. The second phase of the overview elucidates the current situation of the economy and then makes comparison between them.

Question 1: Input Resources of Cambodia

This part of the paper is discussing the basic input resources of the economy of Cambodia. Further, it is extricating how the efficient allocation process of these resources can boost the growth of the overall economy. Basic economic inputs of Cambodian economy are their labor force (with respect to age and sex distribution as well as education wise distribution), natural resources (mineral resources, metals, etc) and capital. These resources are to be allocated to different economic sectors such as, agricultural sector, manufacturing sector as well as services.

Labor force

Labor force of a country includes all those people who are employing somewhere or seeking for employment. People belong to this category must have working age, that is, the age above ...