Cambodia International Political Economy

Cambodian trade of garments slid 27 percent in January as the global economic crisis continues to take hold in emerging economies according to Business News.

The Cambodian trade decline accounts for a loss of $69 million as Cambodian exports of garments accounted for $246 million in January 2008 but only $177 million in January 2009.

The World Bank has estimated that the decline in Cambodian trade of garments has cost the Cambodian economy as many as 30,000 factory worker jobs.