This section contains 1,759 words (approx. 6 pages at 300 words per page) |
The Economic Importance of the Existence of Ispp to Cambodia
Summary: Real life application of economics. The long term and short term effects of an ISPP in Cambodia.
The existence of International School of Phnom Penh (ISPP) is economically beneficial to Cambodia in a great variety of ways, mainly indirect. These benefits can be further categorized into "long term" and "short term" effects. ISPP itself is just like a big magnet, attracting NGOs and businesses from all over the world into Cambodia. Cambodia itself is already an attraction for companies due to the cheap labors here. However, when it comes to making the final decision for companies to move in, they would often consider the education system that is available for the children of their employed staffs. ISPP, with its good reputation as one of the world's leading IB/MYP/PYP system schools certainly helps to lure those companies into Cambodia, and this is just the first step of ISPP's domino effect on the economy of Cambodia.
The primary effect that these companies contribute is that...
This section contains 1,759 words (approx. 6 pages at 300 words per page) |