Trading on the Cambodian Stock Exchange will begin April 18 when "state-owned Phnom Penh Water Supply Authority has its initial public offering." Many citizens across multiple countries are enthusiastic about Cambodia's steps toward a capitalist economy. The director of the Securities and Exchanges Commission of Cambodia says as more companies are publicly traded, the Cambodian economy will grow faster and will stabilize. Though there is a lot of hype regarding the opening, some economists say the stock exchange will take a decade or more to mature.
Because China is such a major player in Asia, it is easy to assume that all the economies in surrounding areas are subject to totalitarian or communist rule. However, this article shows that it countries like Cambodia are making strides toward a freer economy.
Katie Robinson
http://www.businessweek.com/articles/2012-03-22/cambodia-gets-ready-to-open-its-stock-exchange
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