Jan 1, 1998
Cambodia is a country in transition. But, unlike other transitional economies that are moving from being command economies to market economies or from a socialist system to a capitalist system, Cambodia is making the transition from reconstruction to development. The country has been mired in conflict and civil war for so long that it has had to initiate reconstruction and rehabilitation of physical and human capital before embarking on economic and human development. However, after nearly five years of reconstruction and rehabilitation, it now appears poised to begin the next phase of development.