Cambodia, Economic History
In my paper I will attempt to give a brief description of the economic history and location of the country of Cambodia, its monetary and fiscal policies and their economic position of the last few years. Cambodia is a former French colony that is located in Southeast Asia in the Indochina peninsula. It shares borders with Vietnam and Thailand to the east and west. The capital of Cambodia is Phnom Penh. Before talking about the history of Cambodia’s economy I would like to define the word “Khmer” which describes the ethnicity of the people of Cambodia and also the word for a Cambodian citizen and the language they speak. In the Cambodian language Cambodia itself is called “srok Khner” meaning the “land of Khmer.” Therefore Cambodian and Khmer can be used interchangeably.Cambodia’s ethnic majority has always been overwhelmingly Khmer, but among its neighbors, Cambodia can be compared to an American melting pot or tossed salad. Cambodia has managed to integrate people from China to Malaysia over the centuries in relative peace. France m
Mostly all the people in Cambodia were ethnic Khmer, who occupied themselves with rice farming and historians have deemed their economy a hydraulic economy because of its advanced irrigation system and the many canals leading into the water ways of which run throughout Cambodia and Vietnam[1]. Rice, the staple of most Asian diets has long been Cambodia’s primary output. Today Cambodia’s economy is still entrenched in agriculture, which controls eighty percent of its labor force. The Khmer Rouge regime (1975-1979) nationalized the production process and collectivized and tried to carry out a four year plan that was unsuccessful for many reasons. Due to this Cambodia received high levels of financial support from foreign currency deposits to help recover and stabilize the economy and led to an improved fiscal position in the year 2000. Foreign currency deposits, the largest component of broad money recorded an increase indicating a strong confidence in the banking sector and economic policies of the RGC or Royal Government of Cambodia, which was fo
Some topics in this essay:
Khmer Rouge,
War II,
Cambodia’s GDP,
Government Cambodia,
Due Cambodia,
Phnom Penh,
,
Cambodian Khmer,
Khmer Empire,
Thailand Vietnam,
cambodia’s economy,
people cambodia,
rubber plantations,
foreign currency,
currency deposits,
khmer rouge,
foreign currency deposits,
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Approximate Word count = 715
Approximate Pages = 3 (250 words per page double spaced)
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