The great hope of globalization is that it will raise standards of living around the world. The reality shows that, until recently, developing countries continued to suffer from poverty and underdevelopment.
Dr. Widyono highlights the global shifts in power over the last 500 years that have resulted in the so called "BRIC countries" (Brazil, Russia, India, China) gaining economic strength on the international stage and what effect this has on the poorest of the poor in these countries.
Looking ahead, the economic prospects for Cambodia continue to be bright. However, Cambodia must intensify policies to reduce poverty by moving its labour force from subsistence agriculture to an expanded manufacturing, construction and service sector base.
In this talk Dr. Widyono discusses the preparation for Cambodia’s integration into the ASEAN bloc in 2015 and what impact this will have.