Impact of the Global Financial Crisis on Employment in SMEs in Cambodia
This chapter assesses how the global economic and financial crisis has affected employment in small- and medium-sized enterprises (SMEs) in the construction and tourism sectors in Phnom Penh municipality and Siem Reap province. Key areas of analysis are SMEs’ business performance, fixed assets value, and employment, and support received to c...
Government Response to Inflation Crisis and Global Financial Crisis
This paper takes stock of the domestic macroeconomic policy deployed in mitigating the highest inflation and lowest growth Cambodia had experienced since 1994. Fiscal and monetary policies were well-coordinated alongside a package of administrative measures to tackle soaring inflation resultant of the oil and food price hikes in 2007 and slow...
Impact of the Global Financial Crisis on Cambodian Economy at Macro and Sectoral Levels
Although the global economy is recovering from the financial and economic crisis that started in 2008, many countries have not returned to their pre-crisis growth rates. Cambodia is no exception. Despite its rich endowment of natural resources, especially minerals, oil and gas, the country still depends on a narrow growth base of just four sec...
