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Article: Impact of Asia's financial crisis on Cambodia and the Lao PDR.(includes related article on social impact of East Asian financial crisis)(Lao People's Democratic Republic, formerly called Laos)
- Article from:
- Finance & Development
- Article date:
- September 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Studies of the impact of the East Asian financial crisis on Cambodia and the Lao PDR highlight the importance of macroeconomic management, particularly in the face of serious shocks.
As the debate on East Asia's crisis moves to the issue of how the region can regain its past growth momentum, the economies of Indonesia, Korea, Malaysia, and Thailand continue to dominate the headlines. The impact and implications of the Asian crisis have been dramatic and well publicized, yet the fate of the region's smaller economies has gone largely unreported. Cambodia and the Lao People's Democratic Republic (Lao PDR), for example, have been affected by the crisis and remain ...
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