In the early 1990s, as the United Nations was struggling to broker a peace deal in Cambodia following decades of genocide and civil war, neighboring Vietnam was striding away from its own violent past thanks to a wave of reforms that would establish the socialist state as a regional economic power.
While Cambodia has enjoyed strong growth and an influx of foreign investment in recent years, a toxic combination of rising wages and low-skilled labor presents a looming threat to the country’s two-dimensional economy.
The solution, experts say, may lie in Vietnam’s example.
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