Schiff Sovereign's Take on Cambodia
For the last few decades, China was a top producer in the world for every kind of product imaginable, including the cheapest ones you can find on the shelves of any supermarket.
However, present-day China is moving up the food chain quickly. With a rising standard of living, China increasingly manufactures electronics, planes and automobiles. And it has consequently become too expensive to produce cheap toys and umbrellas there.
Multinationals are starting to look for other countries with cheaper labor. Nike, for example, has shifted its manufacturing efforts to Cambodia.
And as Cambodia produces more and more of the world’s cheap shoes and umbrellas, this will have a profound effect on local economies.
Just as it did in China, a robust middle class will emerge there. Standards of living will grow substantially from today’s low levels, and Cambodia (along with Laos and similar countries) will be a beneficiary of this development.
Cambodia is also a very cheap place to live. You can enjoy a great lifestyle for very, very little money.
And Cambodia is very easy to visit (at least it was pre-pandemic). There are generally no visa requirements, except for a few war-torn countries in the Middle East.
And there is a lot to see in Cambodia – Angkor Wat is one of the wonders of the world, and it is a prime attraction for culture aficionados.
Keep in mind, however, that Cambodia is still very much a developing country. Its infrastructure is lacking – and don't expect good highways or bullet trains there any time soon.
Furthermore, the lack of available services may deter many would-be visitors and migrants. If you prefer living close to excellent medical facilities, or near a well-stocked pharmacy, then Cambodia might not be the right place for you.
But Cambodia might tick a lot of boxes for people who value a simple, inexpensive lifestyle in a Southeast Asian setting.
If that’s you, then check it out.
However, present-day China is moving up the food chain quickly. With a rising standard of living, China increasingly manufactures electronics, planes and automobiles. And it has consequently become too expensive to produce cheap toys and umbrellas there.
Multinationals are starting to look for other countries with cheaper labor. Nike, for example, has shifted its manufacturing efforts to Cambodia.
And as Cambodia produces more and more of the world’s cheap shoes and umbrellas, this will have a profound effect on local economies.
Just as it did in China, a robust middle class will emerge there. Standards of living will grow substantially from today’s low levels, and Cambodia (along with Laos and similar countries) will be a beneficiary of this development.
Cambodia is also a very cheap place to live. You can enjoy a great lifestyle for very, very little money.
And Cambodia is very easy to visit (at least it was pre-pandemic). There are generally no visa requirements, except for a few war-torn countries in the Middle East.
And there is a lot to see in Cambodia – Angkor Wat is one of the wonders of the world, and it is a prime attraction for culture aficionados.
Keep in mind, however, that Cambodia is still very much a developing country. Its infrastructure is lacking – and don't expect good highways or bullet trains there any time soon.
Furthermore, the lack of available services may deter many would-be visitors and migrants. If you prefer living close to excellent medical facilities, or near a well-stocked pharmacy, then Cambodia might not be the right place for you.
But Cambodia might tick a lot of boxes for people who value a simple, inexpensive lifestyle in a Southeast Asian setting.
If that’s you, then check it out.
