Cambodians Spend Much Only For The Sake of Foreign Economic Benefits

It was observed that the Cambodian people have been spending more and more on food, electronic equipment, jewelry, cosmetics, clothing, modern commodities, cars and trips…

Previously Cambodian families were wiling to spend less the money which they had earned because of it was very hard to earn it.

Some people can earn 100 then they spend only 10. All the rest for saving. But now, whether in the country or in other countries the trend of expanding dramatically changes. Some earn 100 then spend almost 200.

A broad spending is a global trend, including Cambodia. This trend has been realized as part on a substantial improvement in information technology.

Obviously, the last 30 or 40 years ago, sometimes people had the money and they did not even know where to buy things because the media was very narrow. But because of sophisticated information technology modernization push them to spend more money. Yet every product after being produced immediately must be notified by sending through the media to the end-users for promotion.

News media advertising shakes and forced to encourage consumers to spend more and more on items buying. Just only in a moment some people spent hundreds of dollar or thousands of dollar. Others have just got salary a few days then they spend for drinking almost end a salary. The family flew to foreign countries to just only to buy body decoration commodities or visit.

The presence of foreign food, smartphones, modern car, villa, computers, jewelry within the advertising and tantalizing to attract people too, until user can not control their emotions. Every year, people think about where the places to visit, including inside and outside the country.

Some economists analyzed that the spending of the people in a country will contribute to drive the country's economic growth as a large prevalence because the more money people spend the greater production needed. And when there is more production so the economic movement is also increasing. But if people do not spend then the entire national economy is not functioning or being stagnant.

Turned back to the situation of Cambodians have been spending much more than ever. But sometimes, such expenditure does not contribute to the national economy through buying foreign commodities. Because the spending makes a flow-out of money to foreign economic benefits adversely. In other words, most of Cambodian products could not be produced enough to meet the current supply and demand for domestic consumption.

In conclusion, Cambodia must increase more products and Cambodian people themselves must support its products.

Read more about A Nation Which Prefer Use Foreign Currency