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Globalization
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1. Globalization And
Employment2. Dollarization3. Investment
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Cambodia is borderedby Thailand to thenorthwest, Laos to thenortheast, Vietnam tothe east, and the Gulf ofThailand to the
southwest With a totallandmass of 181,035square kilometers
GEOGRAPHY
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Population: 14,701,717 (July 2011)
Cambodia is a member of the UnitedNations, the World Bank and theInternational Monetary Fund. It is amember of the Asian Development Bank
(ADB), ASEAN, and joined the WTO onOctober 13, 2004.
HDI (2004), 0.583 (medium)
HDI (2010), 0.59 (medium)
Minimum wage in 2004 is 45 USD/month
Minimum wage in 2010 is 56 USD/month
GLOBALIZATION ANDEMPLOYMENT
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POLITICS
Kingdom of Cambodia is aconstitutional monarchy
which was established in1993. Head of state isNorodom Sihamoni king.Head of Government is
Prime Minister who isappointed by the King.
G O O
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Population: 14,701,717 (July 2011)
Cambodia is a member of the UnitedNations, the World Bank and theInternational Monetary Fund. It is amember of the Asian Development Bank
(ADB), ASEAN, and joined the WTO onOctober 13, 2004.
HDI (2004), 0.583 (medium)
HDI (2010), 0.59 (medium)
Minimum wage in 2004 is 45 USD/month
Minimum wage in 2010 is 56 USD/month
GLOBALIZATION ANDEMPLOYMENT
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Sector Cambodia Phnom Penh Other Urban Other Rural
2004 2007 2004 2007 2004 2007 2004 2007
Agriculture 58.7% 58.1% 2.3% 1.1% 39.3% 30.9% 67.0% 67.8%
Industry 13.8% 14.7% 20.2% 13.5% 11.5% 15.4% 13.4% 14.8%
Service 27.5% 27.2% 77.5% 85.3
%
49.2% 53.7% 19.6% 17.4%
Total 100% 100% 100% 100% 100% 100% 100% 100%
Employment by Sector in 2004 and 2007
Total employment in 2004, 7.5 millionTotal employment in 2007, 8.8 million
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Cambodia Phnom Penh Other Urban Other Rural
2004 2007 2004 2007 2004 2007 2004 2007
Unemployment
Rate
Total 5.85% 3.06% 11.17% 5.37% 6.12% 5.73% 5.10% 2.47%
Male 4.10% 1.89% 9.62% 3.85% 3.93% 4.38% 3.37% 1.33%Female 7.58% 4.26% 12.80
%
6.96% 8.34% 7.33% 6.78% 3.61%
Participation
Rate
Total 83.94
%
82.88
%
73.47
%
69.56
%
80.96
%
77.91
%
86.16
%
85.48
%
Male 88.15
%
89.27
%
79.31
%
76.72
%
83.97
%
84.51
%
90.41
%
91.77
%Female 80.17
%
77.24
%
68.16
%
63.34
%
78.12
%
71.27% 82.41
%
80.00
%
Table 2 Unemployment and Participation Rate
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ADVANTAGE OF GLOBALIZATIONIN EMPLOYMENT
Increase employment
Improve wage Enhance Professional skill of
employee
Transform Agricultural laborinto Industrial labor andService labor
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DISADVANTAGE OFGLOBALIZATION IN EMPLOYMENT
Child labor is increasing
Employees work for longhours for little pay.
Safety of employees is not
respected. Lack of qualified labor for
technical industry.
Globalization end the hopesof many children and mademany adults poorer instead ofricher.
Child labor 2000-2009*, total 45%
Child labor 2000-2009*, male 45%
Child labor 2000-2009*, female 45%
Child marriage 2000-2009*, total 23%
Child marriage 2000-2009*, urban 18%
Child marriage 2000-2009*, rural 25%
Birth registration 2000-2009*, total 66%
Birth registration 2000-2009*, urban 71%
Birth registration 2000-2009*, rural 66%
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1. Reason
DollarizationGovernment did not
reform implement
currency
Take 90% sum of
moneys in now a dayand 97% bank depositcommunicans
Eradication ofinflation, reducinginterest
rates, budgetstabilization ...
limitations as there isno guarantee the
stability of the bankingsystem; side on economic policy and theimpact of U.S. economic
crisis.
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37% in USD
Transaction
Dollarization27% in Riel
10% in Thai baht
6% in VietNamdong
20% in many othercurrencies
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2.Campaign DevelopmentDollarizationDeposit in local currency or paid in riel
Increased use of the riel
Workers who go overseas tosend money to also be converted
into local currency
Set up valuation of goods and servicesin the Riel in local market.
The salary of workers in statecompanies, the tax should be paid byriel.
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Investment
GDP
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Investment
FDI
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FutureTextile Industry
Labor Right
Political Industry
Independent Economy
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Thanks for listening
Q&A