Neither a Tiger nor an Elephant of Asia, Cambodia, long an Asian mouse, may be ready to roar.
Erika Kinetz at the International Herald Tribune began the lead of the news story: “Most Cambodians live with two realities: rain and rice. The country that three decades ago abolished money has today embarked on the very long process of adding two new words to the national vocabulary: stocks and bonds.”
Watched Oliver Twist movie on cable TV channel the other day, I found it hard to differentiate London in the 18th-century from the present Phnom Penh. Orphanage and street children, one of many social issues that the world witnessed in the last century is yet here. In the news article about the Cambodian economy, the news writer continued by putting it this way: “Take a ride into the countryside, where the vast majority of Cambodians live and work in conditions more than one observer has described as more African than Asian, and the very notion of an incipient derivatives market seems absurd.”
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