What is cambodia model?

As an AI language model, I assume that you are referring to the Cambodian model or Khmer model in the context of economic development.

Cambodia model is a term used to describe the economic development strategy of Cambodia that emphasizes on the strengths of the country's agriculture and tourism sector. It is a model that aims to transform Cambodia into a middle-income country by 2030 through the expansion of the manufacturing industry, tourism, and agricultural output.

The Khmer model is also known for its emphasis on Foreign Direct Investment (FDI), trade liberalization, and the establishment of Special Economic Zones (SEZs) to attract multinational companies. The SEZs provide a range of incentives such as tax holidays, duty exemptions, and access to infrastructure facilities to investors who set up their business within the SEZs.

The Cambodian government's commitment to the model has led to significant economic growth, with Cambodia's GDP growing at an average rate of 7.7% per year between 1993 and 2019. However, despite significant progress, the country remains one of the poorest in the region, with a significant proportion of the population living below the poverty line.

Critics of the Cambodian model argue that the key challenge facing Cambodia is the creation of high-quality jobs that provide decent wages and job security. Additionally, there have been concerns raised around the exploitation of laborers and the potential negative environmental impact of the SEZs.

Overall, the Cambodian model is seen as a promising strategy for economic development, but there are still challenges that need to be addressed to ensure that growth is inclusive and sustainable.