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Slow but steady economic growth in Cambodia

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Slow but steady economic growth in Cambodia

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    1. Slow but steady economic growth in Cambodia Although there have been impressive gains in some sectors, in particular textiles, Cambodia is still struggling to achieve higher levels of economic growth as well as equitable distribution. By some estimates, nearly 40% of the population still live in poverty. With approximately 85% of the population living in rural areas, many people start small stores in their villages to make a living.

    2. Slow but steady economic growth in Cambodia In this village just outside Sihanoukville, many people either work in the rock quarry or in one of the many textile factories that have sprung up over the past few years. The opportunities for work are limited.

    3. Slow but steady economic growth in Cambodia The ILO is working with the Government to help promote better communication between management and workers. Research has shown that dialogue is essential to increasing efficiency and improving production methods. The manager of this factory checks productivity rates at each station to assess progress.

    4. Higher education is often out of reach for families with modest incomes or that are mired in poverty. The provision of vocational training in marketable skills has had a positive impact on many people's economic livelihoods. In collaboration with the Employers and Workers organisations, the ILO has assisted in the elimination of child labour from the textile sector. Slow but steady economic growth in Cambodia

    5. Slow but steady economic growth in Cambodia The growth of the textile industry has been a driving force in the improvement of economic conditions in parts of Cambodia. The jobs provided by these new factories have given the many new entrants to the job market an opportunity to earn a living and provide for their families.

    6. Cambodia, like many other countries in the Asia-Pacific region, is developing a solid foundation for future growth. The rapid pace of change in a globalised economy will present many challenges and opportunities. Diversification and improvement of other sectors, like tourism and services, can help countries experience a sustained period of economic and social progress. Slow but steady economic growth in Cambodia

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