Forward Now we are living in a world full of competition. We cannot stop the strong wave of regionalization and globalization. The impact of globalization on Cambodia is not a matter of simple statistics and reports. It is, in essence, a careful analysis to assess its pluses and minuses on Cambodia as a whole. Globalization consists of social, economic and political adjustments that people may embrace to symbolize their culture and incorporate it with the world. It is a concept that has its economic, social and political roots and consequences. Cambodia’s intention to be a member of the World Trade Organization creates debates, studies and concerns from many Cambodians. Accession to the WTO was one of the priorities in the Royal Government’s political agenda. It is generally accepted that integration into the world economy will benefit Cambodians in many fields including improvement of good governance, boosting local entrepreneurship and productivity. Therefore, it will help alleviate poverty and develop economy. Experiencing a long civil war and international isolation, Cambodia is trying very hard to play an important role in the world community as we are already member in various regional and international bodies including ASEAN and now in the WTO. Though there are many opportunities when Cambodia is the WTO member, some challenges are lying ahead of us. Though the government is very positive to the integration to the global economy, some of Cambodians including private sector are very worried about more competition that Cambodia is difficult to win. Therefore, Cambodia membership in the WTO creates many scepticisms and debates among population. There is still lack of 3