Home » Surviving the Global Financial and Economic Downturn: The Cambodia Experience by Hossein Jalilian
Surviving the Global Financial and Economic Downturn: The Cambodia Experience Hossein Jalilian

Surviving the Global Financial and Economic Downturn: The Cambodia Experience

Hossein Jalilian

Published April 14th 2014
ISBN : 9789814459662
Hardcover
266 pages
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 About the Book 

The global financial and economic shock of 2007-09 is the third major economic crisis to have buffeted Cambodia in its post-conflict period, coming in the wake of the food crisis of 2007-08 and just a decade after the Asian financial crisis ofMoreThe global financial and economic shock of 2007-09 is the third major economic crisis to have buffeted Cambodia in its post-conflict period, coming in the wake of the food crisis of 2007-08 and just a decade after the Asian financial crisis of 1997-98 (the triple crises). Cambodias post-conflict history can be divided into two periods: 1991-98, referred to as the early phase of transition during which the first of the triple crises, the Asian financial crisis, occurred- and 1998 to the present, the late phase of transition during which the food and economic shocks transpired. A stocktake of the developments in Cambodias post-conflict history suggests that the country has come a long way in reinstituting the foundations of a capitalist economic and procedural democracy but has yet to make significant headway in economic sophistication and substantive democracy. The triple crises were different, yet had similar characteristics. They were all exogenously-driven shocks with their own specific causes but their effects were shaped by the countrys situation at the time.