Seaktheng Chhean Task 1:
After election, there are two main political parties: He has launched a new personal website and his own Hun Sen app for Android phones. Three key reforms in the area of trade facilitation are: Company registration is being simplified and automated. It is intended to allow applicants to register a new company online in significantly less time, ultimately diminishing face-to-face contact.
Work is under way for the system to be fully automated so that companies can apply for the certificate electronically. The new COO system is intended to become an electronic payment platform and offer the first e-payment facility with e-signature for government services World Bank, Cambodia has been one of the highly dollarized economies since Advantages of Dollarization The economy has achieved an impressive performance during the past two decades World Bank, Dollarization is known to constrain cash-strapped governments from resorting to domestic financing, a major cause of spiral inflation in the late s and early s in Cambodia.
During times of external shocks when there is a US dollar shortage, the total value of US dollars in circulation can help finance current account deficits, a role often played by foreign reserves. Other proponents of dollarization believe it is most beneficial to a small open economy, like Cambodia, heavily trading with other dollarized partners, with a business cycle highly correlated with that of the US.
Disadvantages of Dollarization The Cambodian authorities acknowledged in its Rectangular Strategy RS Phase 3 that the economy remains highly dollarized which imposes limitations on monetary policy World Bank, Seigniorage is the gain or loss resulting from circulating the face value of a currency minus the cost of producing it.
Dollarization and exchange targeting may not anchor price levels as well as one might expect.
The key feature of dollarization is a fixed exchange rate riel versus US dollar exchange rate peg which constrains trade policy. Ways Forward In the early stages of development of the banking sector, with its newly established monetary authorities, human resources capacity and a regulatory framework to manage monetary policy in Cambodia were weak.
Therefore, at that time, the benefits of dollarization outweighed the costs World Bank, Countries and Regions — Cambodia, PEST Analysis of Cambodia (2 Pages | Words) POLITICAL & LEGAL: Cambodia is one the developing countries of South East Asia, having constitutional monarchy with a multi party democracy and an elected government.
No party got the proper majority in the elections held in July , hence formed a coalition government. PESTLE Analysis ASEAN Countries Political risk Political Instability P: Political Factor Indonesia Singapore Cambodia Vietnam Laos Myanmar Philippines Brunei Darussalam.
Oct 12, · Cambodia is a Southeast Asian nation whose landscape spans low-lying plains, the Mekong Delta, mountains and Gulf of Thailand coastline. Phnom Penh, its capital, is home to the art deco Central Market, glittering Royal Palace and the National Museum's historical and archaeological exhibits.
PESTEL Analysis, SWOT Analysis and Risk Analysis of Cambodia Cambodia PESTEL Analysis This report covers Cambodia's PESTEL (political, economic, . Pestle Analysis A pestle analysis is one of the most popular and effective methods of analysing the external macroeconomic factors that could impact on a business within a specific industry.
Commonly, a pestle analysis will be used alongside other analyses that focus on internal factors. Particularly, this study will use PEST analysis to access one of the developing countries in South-East Asia, Cambodia.
According to Frynas and Mellahi (), PEST analysis is not a severely accurate analytical tool, but a broad framework to assist managers apprehending the macro environment.