Economic development
You know the problem presented above, is to evaluate how this problem affects the economic development of Cambodia. Being clear that corruption controls this country, the views of the two authors of this website about development or economic backwardness of this country is presented.
Sebastian's opinion:
Cambodia is a country that is not bad economically, as it has a growing economy and is an attractive location for a large number of tourists. The problem lies in the economic and social inequalities that have this country because of corruption, because the politicians and governors all the money that should be invested in works of social interest are stolen. The other people who are not in this select group, suffer economic and social problems impeding equitable growth of the economy both individually and as a group. With all these problems, the economic development of the country is stuck and can not grow in a homogeneous manner generating an economic retardation across the country, as some people have a lot of money and not others, does not generate an economic balance and also prevents the general evolution of the country.
Ricardo's Opinion
I am really agree with my partner when he said that the economic development can not increase because of the great amount of corruption that there is in Cambodia. Each day the popullation can realized how the rich people become richer and the poor people become more poors.
In the other hand, the other people who are not in this select group, suffer economic and social problems impeding equitable growth of the economy both individually and as a group. With all these problems, the economic development of the country is stuck and can not grow in a homogeneous manner generating an economic retardation across the country, as some people have a lot of money and not others, does not generate an economic balance and also prevents the general evolution of the country.
Provided support the ideas previously presented, we would support their views in articles, news or allusive videos to this topic. subsequently will write new reviews on the basis of information found for each of the persons responsible for this website.
Sebastian's article: "Corruption: the case in Cambodia".
According to the author of the article finding, corruption affects in many ways to the economic development and also brings many negative consequences for both the people and the country in general.
Corruption compromises the achievement of sustainable development objectives. Bribery results in additional business costs, a burden to small entrepreneurs, and the allocation of the country’s human capital and talent. The continuous attention demanded of business by corrupt officials also threatens economic productivity. Corruption distorts the fair rules of competition.
A majority of firms doing business in Cambodia identified unfair or informal competition as at least a moderate problem. Of a variety of potential practices of competitors evaluated that the competitors conspiring to make them in unfair and difficult situation in competitions, such as limit of their access to market and suppliers, competitors, some perceived that the government does not treat firms equally. Corruption becomes focused on the highest bribe, thereby denying the public advantage of a competitive marketplace.
The poor bear the heaviest burden in such situation, reinforcing gaps between rich and poor. Corruption results in tax evasion and significant losses of revenue for the State. It slows direct foreign and domestic investment because it is perceived as a form of taxation. Corruption causes major misallocation of scarce resources. Instead of meeting basis needs such as food, health and education, resources are sometimes used to finance purely prestige projects with no economic value. In short, the corruption is at root of under-development and poverty.
Ricardo´s Article:
Corruption in Cambodia?
A new Transparency International report shows Cambodia has a problem. The government shouldn’t ignore it.
The article I found, says that the Transparency International (TI) has released its 2013 findings of the world’s most corrupt countries.
That is something that everybody has to be worry about because the corruption affects all the aspects or factors in general.
Also, the Cambodian government dismisses its dismal results as biased, with Council of Ministers spokeman Phay Siphan, who also serves as secretary of state, noting that “this report is not scientific” and “does not reflect the reality in the Kingdom of Cambodia.” According to TI, the results are based on seven data sources that include the World Bank and the World Economic Forum.
In the other side some analysts believe that Cambodia’s inability to pass key reforms, including the Freedom of Information Act – a draft of which had been rejected earlier this year – may have contributed significantly to this year’s poor ranking. In 2012, Cambodia was ranked 157 of 177 countries. Other contributing factors may include the absence of a clear system of checks and balances in the public sector, despite more than two decades of pressure for reform.
In conclusion if the Cambodian government is truly interested in moving out of “developing” status by 2030, then the first thing it ought to do is clean up corruption. That’s the biggest hurdle. Ignoring the problem doesn’t help. Simple math shows the country needs more investment, so as to become less dependent on loans, which sinks it further into debt, which isn’t good for development. That’s antithetical to everything the government hopes to accomplish by 2030.