Over the past decade, Cambodia has more than halved its rate of poverty thanks to economic growth averaging 8 percent per annum, strong export performance and positive changes to the investment climate. Exports, dominated by garments, footwear and tourism, are projected to reach almost $8 billion in 2014. The garment industry has played an important role in reducing poverty by creating job opportunities for more than 650,000 workers, mostly young women migrating to Phnom Penh from the countryside.
The Investment Climate Assessment 2014: Creating Opportunities for Firms in Cambodia
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