 Stupendous Upswing of the Economy in Cambodia – Sustainable Process or Sham Boom?Oskar Weggel Journal of Current Southeast Asian Affairs, 2007, vol. 26, issue 4, 76-82 Abstract: In 2004 the economy of Cambodia was still regarded as being a big loser, at least in the eyes of foreigners; three years later however it is praised, on the contrary, as a kind of go-getter. Main reasons for this fundamental change of view were the turning of Cambodia into a (nearly) free market economy in general and the contribution of quite a few economic sectors (like textile industry, tourism, agriculture and extraction economy) in particular. Even a sceptical institution like the IMF has become optimistic in the meantime and predicts a GNP-growth of 9% until the end of 2007. What is it about? A lasting upswing or just a sham boom? In favour of Cambodia there is the persistence of strong increases since 2003, is a low inflation, a stable exchange rate and the rather realistic expectation that the kingdom can turn into a petroleum-exporting country until 2009/10. On the other side, Cambodia suffers from infrastructural bottlenecks and from depressing social loads: 35% of the population continue living below the official poverty line. Date: 2007 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:gig:soaktu:v:15:y:2007:i:4:p:76-82 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Journal of Current Southeast Asian Affairs from Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg Contact information at EDIRC. |
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