Reducing Vulnerability in Transition Economies: Crises and Adjustment in Cambodia
This paper examines the impact of the global financial crisis on Cambodia, and the lessons learned. Cambodia is an interesting case study: After extremely rapid economic growth during 2000—07, it experienced a sharp growth collapse in 2008—09. This highlighted a number ofpeculiar vulnerabilities, including a narrow economic base, a pre-crisis asset price boom, a fragile financial system, and the limited array of defensive economic policy levers available to the government. The economy has begun...[Show more]
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|Source:||Asean Economic Bulletin|
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