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Verblüffender Aufschwung in Kambodscha – Wirtschaftswunder oder Scheinblüte in einem leidgeprüften ASEAN-Staat?
Stupendous Upswing of the Economy in Cambodia – Sustainable Process or Sham Boom?
[journal article]
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 ... view more
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.... view less
Keywords
Cambodia; economic growth; economic development (on national level); textile industry; tourism; agriculture; economic policy; agricultural development; sustainable development
Classification
Political Economy
Economic Sectors
Document language
German
Publication Year
2007
Page/Pages
p. 76-82
Journal
Südostasien aktuell : journal of current Southeast Asian affairs, 26 (2007) 4
ISSN
0722-8821
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works