Financial Times FT.com

Counting on Cambodia

Published: May 16 2008 18:21 | Last updated: May 16 2008 18:21

Over the next decade, there’s going to be an almighty scramble by global investors to spot the next Bric countries – the emerging markets hotspots that, like Brazil, Russia, India and China, have the potential to produce returns in the hundreds of per cent. Along the way, dozens of candidates will suggest themselves, but I’d wager that one country will stand tall against the competition. Angola may have oil, Mongolia lots of minerals, Cuba and Zimbabwe millions of clever people desperate for change but, in my book, the country with the best chance of producing extraordinary gains is . . . Cambodia.

Having visited the country, I can attest to its positives. It is hauntingly beautiful (read big tourist potential), it is open to trade and is relatively free of all that post-communist baggage that makes investors’ lives a nightmare in places such as China and Vietnam. Add in bags of eager, well-educated, young people, a huge agricultural sector that could turn the country into the rice bowl of Asia, and you can understand why I’m a fan.

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