Key economic issues from Davos

World leaders gather in Davos, Switzerland, annually to discuss global economic challenges and prospects. This year discussion focuses on the financial crisis in Europe, emerging economies in Asia, and the search for new models for sustainable economic development.

Development inequality is ranked as the top economic issue which needs to be addressed. Real economies and financial sector need to integrate further with cautious and prudent approach. Stakeholders partnership for development including the role of women and youth is essential.

From my point of view, we are living in a transitional period in which technology and innovation play significant roles in moving our economic thinking and practices towards a rapid compressing world. The economics of network and employment matching theories are evolving to meet the new global economic phenomenon.

For the least developed countries like Cambodia, we need to invest much more in education to prepare capable human resources to grasp new opportunities and face the upcoming challenges. Unfortunately, the Cambodian government has not given enough attention to education sector. Education is very crucial for Cambodia’s future!

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