Cambodia is one of the fastest-growing developing countries in Asia. Real gross domestic product (GDP) was expected to grow by seven per cent in 2016 after gains of 6.9 per cent in 2015. Impressive rates of economic growth have led to sharp wage increases which undermine the degree of competitiveness. At the same time, growth has generally been sufficient to create new jobs needed to absorb the rising working-age population, which has been increasing at three per cent annually (faster than the population). Unemployment is officially at 0.6 per cent of the economically active population in 2015.
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Why ASEAN and why now?
Why ASEAN and why now? Insights for Australian Business. A joint Austrade-DFAT publication examining Australia’s trade relationship with the Association of Southeast Asian Nations (ASEAN), the opportunities and challenges for Australian business engaging with the region and the future of the Australia-ASEAN trade relationship.
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