A high-level of dollarisation, largely attributable to the presence of United Nations personnel and peacekeepers in the early 1990s, has largely been the reason for a relatively stable Khmer riel. The recognition of foreign currencies as valid legal tender under statute ensured the existence of a competing currency in the market, enforcing discipline on the central bank by preventing manipulation of interest rates, inordinate expansion of money supply and ensuring that inflation remains relatively low.Read More
While wishing everyone the best for the Pchum Ben holiday - let's see what the Middle Kingdom has been up to in the Kingdom of Wonder as of late...
Modern Western ideas concerning the purpose and practice of politics are threaded through with assumptions and concepts developed during the Enlightenment, and primary among these is the vision of the state as a kind of formalised protection racket.Read More
I have discussed broadly the impact that increased trade and investment has had on Cambodia’s development. One of the most concrete policy examples of this being the case is in Cambodia’s Special Economic Zones (SEZ).Read More
It should not catch anyone by surprise that Vietnam is becoming a tiger in the Southeast region of Asia. With its growing openness to global markets and willingness to comply with international standards, Vietnam continues to be a strong, key player in the economy of the region.Read More
So, what is the breakdown of Cambodian exports? MIT breaks down Cambodia’s exports by specific product, and the results are not surprising to anyone who has driven around the outskirts of Phnom Penh: knit sweaters, knit women’s suits, and non-knit women’s suits. Garments continue to dominate in CambodiaRead More
This week we kick things off with a link to an excellent piece by Elizabeth Economy, the foremost expert on Chinese environmental policy, on that very topic. We highly recommend her book on the issue, The River Runs Black.Read More
A liberal market economy have played a huge role in bringing Cambodia to where it is today, with foreign direct investment being the foundation. It has enhanced industries, created jobs, and has empowered people.Read More
Just a brief round-up of some of the events that caught my eye this week, more on Sino-Cambodian relations soon.
The question on everyone's mind since the communal elections in Cambodia is, naturally, what's going to happen in the national elections next year?Read More