Too much foreign aid is used in Cambodia as a substitute for local revenue, making it hard for people to hold their government accountable, a US-based analyst says. Sophal Ear, author of “Aid Dependence in Cambodia,” tells VOA Khmer's Im Sothearith that when people don’t pay enough taxes, they don’t own part of the democratic process.
China used to be the world's factory - workers were cheap, and manufactures liked the profit margin that meant, especially in the garment industry. But no more: China's laborers are now amongst Asian's best paid. Garment companies are looking for a better deal in Cambodian. VOA Khmer's Say Mony reports from Phnom Penh.
Although the US averted the so-called “fiscal cliff,” a Cambodian economist in the US says the world still faces a number of economic challenges as Congressional leaders continue to wrestle with ongoing budget questions. And the differing views on taxes and spending that are at the core of the debate between Democrats and Republicans will not be easily reconciled, Duch Darin, an economist based in Florida, told VOA Khmer in a Skype interview.