The Development Of Cambodia s Garment Industry - 900 Words

With a population of 15.41 million people, Cambodia is a fairly small country. However, with a 6.9% GDP growth rate, they are a steadily, although slowly, growing economy. Cambodia’s garment industry is one that significantly propels the development of its economy by increasing investments in real estate and finance. Although the distribution of income, indicated by the gini coefficient, seems to be unequal, it is closer to absolute equality rather than inequality. This shows that majority of the population receives similar income. Thus, as the economy grows, the income received by the people will increase at a similar scale. According to their HDI, human development is a prime concern for development. Their focus on education and health†¦show more content†¦However, due to external help from the international community and the private sector, the Haitians have made improvements in infrastructure, increasing approaches to health and education, and steps towards reduct ion of poverty. Haiti’s challenges could be greater due to the unstable political situation after the earthquake, as there were varying delays in holding elections, thus leaving the country with an interim government. This could have lead to the delay in constituting and enforcing laws and regulations that could have allowed growth in human development as well as the economy. Nevertheless, in recent years, the political situation seems to have become more stable. Although the Haitian economy has been in recovery since the earthquake, development has been passable. The general inflation has been controlled and the stability of the macroeconomy has been preserved. The hindrance of economic growth occurred mostly due to unfavorable weather conditions that left an effect on agricultural production, as well as delays in budget approvals. With unequal income distribution and a low HDI, Haiti still faces many challenges. India holds the world’s second largest population and f ourth largest economy. With a 7.5% GDP growth rate and GDP per capita in trillions, her growth and development is remarkable. Since independence, India has altered its dependence on grain imports into a stronger global agricultural industry that is a significant