What Similarities can be identified between China and Cambodia in economy?

There are several different similarities that can be found between China and Cambodia in terms of economy, which include the growth in Human Development, and Expenditure on GDP; Private Consumption, Government Consumption, Gross Fixed Investment, Exports of Good & Services, and Imports of goods & services.

Fig. 1  Comparison Graph Human Development Growth between China and Cambodia.

Based on Fig.1, there is a clear pattern that both countries, have developed the rate of change in Human Development, as the two lines/slope coloured in Red, which represents Cambodia and Blue, which represents China has increased over the past 13 years. The growth of China's human development started at 0. 591% in 2000, and currently has increased to 0.719% in 2013. Similarly the same to Cambodia, Cambodia's real rate of human development has increased for the past 13 years, where it started at 0.466% in 2000 and increased to 0.548. Another similarity is the growth of expenditure on GDP for the future (years 2015-16). Expenditure on GDP of the two countries which include private consumption, government consumption, gross fixed investment, Exports of goods & services, and imports of good & services are likely to increase in years 2016 than 2015. Specifically on exports of goods & services along with imports of good & services are likely to increase by a lot in 2016.

• China:
• Exports of goods & services (From 6.9% in 2015 to 7.2% in 2016)
• Imports of goods & services (From 3.5% in 2015 to 7.6% in 2016)

• Cambodia:
• Exports of goods & services (From 5.9% in 2015 to 8.5% in 2016)
• Imports of goods & services (From 6.4% in 2015 to 9.0% in 2016)

To conclude and to clarify, the data on the growths of Human Development and Expenditure on GDP of the two countries, China and Cambodia are the same; Human Development increases over the past 13 years & the growth on Expenditure on GDP for both countries are likely to increase for the upcoming future.

What difference can be identified between China and Cambodia in terms of Economy?

Fig.1  Economic Growth Graph Comparison between Cambodia and China.

This graph shows the economic growth of China and Cambodia for the past 12 years. As it can be seen, the slope that is coloured red represents Cambodia meanwhile the slope that is coloured blue is China. By looking at the graph, it is determined that China has rapid economic growth in comparison to Cambodia. The best year for China in Economic Growth was during the year 2007 at 14.16% rate of real GDP, meanwhile the best year for Cambodia in Economic Growth is during 2005, with 13.25% rate of real GDP. However, Cambodia had an atrocious and unacceptable year in 2009, where the rate of real GDP has decreased from 6.69% in 2008 to 0.09% rate of real GDP. Similarly the same, China's economic growth has fallen during the years 2008 (9.63%), 2009 (9.21%), and 2012 (7.65%), however, the difference is that Cambodia's economic growth had never fallen to 0% rate of real GDP. The growth of both countries depend on their growth in the following:

• GDP Per Capita 
• Inflation (Cambodia with higher inflation for the past 12 years reaching 25% increase of inflation change in 2008, China's biggest change only 5.9%)
• Capital Investment (China has more capital investment with highest % of 48.24%, meanwhile Cambodia highest % is 21.36 in 2009)
• Human Development (China, 0.719% in 2013 meanwhile Cambodia, 0.548% in 2013)
• Household consumption (China, 82.3% in 2011, Cambodia 35.9 in 2011)
• Share of Industry (China, 43.89% in 2013, Cambodia 25.65% in 2013)
• Share of Agriculture (China 33.52% in 2013, Cambodia 10.01 in 2013)
• etc

The margin between China and Cambodia in terms of GDP Per Capita, Inflation, Capital Investment, Human Development, Household Consumption, Share of Industry, Share of Agriculture, and many more represents the economic growth of the two countries. With China having higher percentages in GDP Per Capita, Capital Investment, Human Development, Household Consumption, Share of Industry, Share of Agriculture, and Cambodia with higher inflation for the past 12 years, it is apparent and approved that China has rapid economic growth, meanwhile Cambodia's economic growth has fallen and is stagnant.

What are the Differences of Cambodia and China?

One major difference that can be found between the two countries, are that China is a communism country meanwhile, Cambodia is democratic.

The comparison between communism and democratic are that both these ideologies are very different ideologies. Communism, is a political ideology that is according to ownership, whereas the power comes from the activities made by people, which are controlled by a group of people. On the other hand, Democracy, is a political system controlled by an an elected representative(s) chosen by the people through free and fair elections, where the representatives elected by the people must achieve equalities and wants of the society.

China is a communist country. Chinese Communist Party or CCP is a political party that was found during the year of 1921 by Chen Duxiu and Li Dazhao. The Chinese Communist Party or CCP had events, for instance they joined the Nationalist Party in 1924, which allowed the opportunity for an alliance to showcase its success. Another example, MaoZedong, was one of the leaders in the Chinese Communist Party or CCP. Whereas, he mostly led (along with CCP) china to two different and largest policies to establish and develop the future of China in terms of Economics and Social; which were called Great Leap Forward & Cultural Revolution. The goal and target for launching the Great Leap Forward was to change China from a Farming Society to a modern industrial society, meanwhile on the other hand the Cultural Revolution was to remove traditional culture in China. However, these two policies failed as it lead to several different consequences; famine, starvation, poor standard of living, and many more. Due to China being a communist country, the labor laws in China have been poor; whereas the workers work as hard as they could have ever worked day in and night out however they receive low standard of living, harsh working conditions (wages), and limited salary. 

Meanwhile, Cambodia is a democratic country. Cambodia had its own constitution, called National Assembly was formed as the sixth constitution of Cambodia during the year 1993. The constitution had a minor change in 1999 to build and authorize a senate, which is a part of an assembly but the upper house or chamber. The senate was chaired by Samdech Chea SIm and consists of 62 senators. This constitution declares democracy and multiparty systems of the political regime of Cambodia; Sihanouk for industrial development of Cambodia by encouraging private capital and enterprise with investment, Democratic Kampuchea; genocide, destruction of private capital, and Kingdom of Cambodia; market economy based on foreign markets and investments. There were two political parties in Cambodia; Cambodia People's Party (CPP) and Cambodian National Rescue Party (CNRP).

What is China?

China is a country located in East of Asia. China's population is currently at 1.35 billion people. In addition, China's capital city is Beijing. China's money currency is called "Yuan", the total area of China as a whole in general is approximately around 9.6 million square kilometres which is considered as the second biggest country in terms of land area. China geographically, borders Vietnam, Burma, and Laos in Southeast Asia, meanwhile bordering India, Bhutan, Nepal, and Pakistan in South Asia, and Afghanistan, Kazakhstan in Central Asia, and last but not least on Northeast Asia, Russia, Mongolia, and North Korea. China is a country well known for its rich culture and tradition, for its food, customs, celebrations, and its arts.

Before identifying the similarities and differences between the two countries, let's find out what are the two countries all about in depth.

What is Cambodia?

Cambodia is a country in which its location is in Southeast Asia, has a total area of 181,035 square kilometres. In addition, Cambodia is bordered by Gulf Of Thailand on the Western coast, Vietnam (1,228 km) on the east and south, and last but not least bordered by Thailand (803 km) and Laos (541 km) on the North. The total Population of Cambodia currently states at about 14.86 million people. The Capital city of Cambodia is Phnom Penh, with its population of 1,502,725 people and its major cities are the following:

• Phnom Penh
• Siem Reap
• Koh Kong
• Sihanouk Ville

Cambodia gained full independence on the 9th of November 1953 from France. In addition, Cambodia's monetary unit is 1 riel, its main religion is Buddhism, and last but not least its main language is called "Khmer". Currently, Cambodia has a total of 3 seasons, which is tropical humid climate; Rainy (monsoon), Season (May to November) and last but not least, Dry (December to   April). Cambodia is a well known country for its rich culture and tradition. Their culture and tradition are both in relation to the main religion, Buddhism. Moreover, the tradition and culture that Cambodia kept since they've had it was traditional dances/moves, which includes where Cambodian dancers express movements to convey its polite manner to the tourists, they've also have traditional costumes for instance: "Khmer" clothing, whereas its name represents Cambodia since "Khmer" is the language used in Cambodia

Welcome To My Blog!

For this term, i was given a task to compare two countries; Cambodia and China and identify its similarities and differences in both economics and politics. "Opening up to new ideas and influences creates opportunities and affects changes in political and economical policies". This statement is used to identify the changes that were made from both the countries, Cambodia and China to improve their country in terms of economics and policy.

From this blog, you can see the similarities and differences of both Cambodia and China in terms of economics and their policies; and how the statement connects and refers to both the similarities and differences between the two countries. The information is taken from research, although critical thinking skills and logical analysis will also be used to support evidences of its differences and similarities between the two countries.

Thanks!

Arnando Akmal 10A