ROLE OF LAW AND LEGAL INSTITUTIONS IN CAMBODIA ECONOMIC DEVELOPMENT: “Opportunities to Skip the Learning Curve”
Candidate: Mr. Siphana SOK SID: 777058543 Degree: Doctor of Philosophy School: School of Law, Bond University Supervisor: Professor Mary Hiscock Date: 15 August 2008
Certification I, the undersigned, Sok Siphana, declares that the work presented in the thesis is to the best of my knowledge and belief, original (except as acknowledged in the text) and that the work has not been previously submitted for a degree or diploma at Bond University or any other institution.
__________________________ Sok Siphana SID: 777058543 Degree: Doctor of Philosophy School: School of Law, Bond University Supervisor: Professor Mary Hiscock Date: 15 August 2008
Role of Law and Legal Institutions in Cambodia Economic Development: Opportunities to Skip the Learning Curve
SUMMARY OF THE THESIS
This thesis advances the view that, in an era of regionalization and globalization, Cambodia, as a least developed country, can deliver sustained economic growth, social stability and development if it can develop a coherent set of economic policies linked to the development of a functional and credible legal system. The scope for ‘catch up’ or ‘skip the learning curve’ is possible provided Cambodia can draw from the experiences - policies, legal system and institutions that have been discovered, tried, tested and refined - of other countries with similar background and with proven track records of rapid economic growth. In the context of Asian economic growth and development over the past 30 years, policy choices have been shown to be crucial for achieving high growth rates. Experience of the high performing economies in Asia over the past decades is the best evidence that those with relatively low income levels are, with the right policy and institutional choices, able to catch up with the richer ones. The Cambodian experience,...