Poverty In Cambodia Essay
Cambodia Poverty Rate Statistics and Facts
Cambodia may be known to most people in the world for being a top vacation spot in Southeast Asia. This country, which is bordered by Thailand, Laos, and Vietnam, is home to some of the most beautiful and awe-inspiring historical temples, one of the major attractions that draw tourists from across the globe. But despite a boost in tourism and being rich in natural resources, the nation remains to be one of the poorest countries in the world based on social and economic indicators. What are the reasons why Cambodia is struggling with poverty?
Years of violence and political instability.
10th and 13th Centuries – Cambodia is part of the Angkor Empire that extended over most of Southeast Asia.
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They are far from basic social services and facilities. Some have to travel more than 3 miles to get to the nearest road or health clinic.
Natural resources are being exploited.
- Cambodia is steadily losing its forests and their resources due to deforestation, mining, illegal farming practices, among other reasons. Between 2000 and 2012, it lost more than 7% of its forest cover, the fifth fastest rate in the world.
Investment opportunities aren 't too attractive and there is a lack of skilled workers.
- More than 50% of the population is 25 years old or younger. Most of them don 't receive education higher than the secondary level. This results in a lack of experienced workers and talent who can help with the country 's development.
- Due to the lack of infrastructure, a weak financial market, corruption, and an ineffective legal system, local and foreign businesses have been discouraged in investing in Cambodia. The lack of SMEs and large enterprises has stifled the creation of new jobs, further increasing poverty.
The food price
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In the last decade, rural wages have been increased twofold to threefold, but this still was not enough to keep up with the increasing food prices. This resulted in a cut down on food intake and to more children dropping out of school and entering child labor to help their families earn
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