Wednesday, June 3, 2015

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.

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