ISEAS Perspectives: Cambodia Embraces China’s Belt and Road Initiative

perspective 47

The article discusses the following points:

1) The Belt and Road Initiative (BRI) is a new force shaping the global economic order, serving as China’s grand strategy to project its global influence and leadership role through economic and cultural diplomacy.

2) Cambodia enthusiastically supports the initiative, mainly for economic reasons, especially its infrastructure development and production-capacity cooperation elements.

3) BRI is complementary to Cambodia’s national development strategy as it can strengthen the country’s economic competitiveness by diversifying the sources of growth and expanding its economic horizon.

4) However, Cambodia needs to strengthen its governance to maximize opportunities, and the participation of the private sector in infrastructure projects remains limited. Another challenge is the lack of transparency and local community participation.