With the US economy in decline and Vietnam a member of the World Trade Organization, a leading economist warned Thursday the government must diversify its economic activity.
Chab Sotharith, executive director of the Cambodian Institute for Cooperation and Peace, said Cambodia must pay attention to the US economy and other potential hazards.
The US, Cambodia's top buyer of garment exports, could be facing a recession, having spent much money on a costly war in Iraq and facing a housing market plunge, Chab Sotharith said Thursday, as a guest on "Hello VOA."
Cambodia's economy, meanwhile, which is held up by tourism, garments, construction and agriculture, has seen much growth in recent years, he said.
