Cambodia’s economic freedom score is 57.5, making its economy the 110th freest in the 2015 Index. Its overall score is essentially unchanged from last year, with improvements in labor freedom and freedom from corruption largely offset by declines in business freedom and property rights. Cambodia is ranked 23rd out of 42 countries in the Asia–Pacific region, and its overall score is lower than the regional average.
Over the past five years, economic freedom in Cambodia has stagnated, with potential gains from a liberalized labor market and a small opening to international markets undermined by a weakening business environment, looser fiscal policy, and a decline in property rights.
Little progress has been made in tackling corruption, which is by far the most serious threat to advancing economic freedom in Cambodia. The government must do more to strengthen the institutional environment underpinning the rule of law, including improving the judiciary and reinforcing property rights. These issues, along with a poor business environment and government interference in the economy, continue to undermine the dynamic investment flows enjoyed by regional neighbors.
Cambodia’s economic freedom score is 57.5, making its economy the 110th freest in the 2015 Index. Its overall score is essentially unchanged from last year, with improvements in labor freedom and freedom from corruption largely offset by declines in business freedom and property rights. Cambodia is ranked 23rd out of 42 countries in the Asia–Pacific region, and its overall score is lower than the regional average.Over the past five years, economic freedom in Cambodia has stagnated, with potential gains from a liberalized labor market and a small opening to international markets undermined by a weakening business environment, looser fiscal policy, and a decline in property rights.Little progress has been made in tackling corruption, which is by far the most serious threat to advancing economic freedom in Cambodia. The government must do more to strengthen the institutional environment underpinning the rule of law, including improving the judiciary and reinforcing property rights. These issues, along with a poor business environment and government interference in the economy, continue to undermine the dynamic investment flows enjoyed by regional neighbors.
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