Reviewed publication: Hughes C. & Kheang Un (eds.) 2011. Cambodia’s Economic Transformation. Copenhagen: NIAS Press, ISBN: 9788776940836
In their introduction to this penetrating and comprehensive account of changes occurring within Cambodian economy and society, editors Caroline Hughes and Kheang Un outline a process of change: from a situation in which markets were an occasional although useful part of everyday life to a situation in which people consider markets and their ability to engage with them successfully to be the central part of their lives. This change represents the spread of an advanced form of capitalism across a region in which the majority of people had been living pre-capitalist lives and, in true Schumpeterian fashion, means the spread of creative destruction across the land with all the chaos and opportunism that represents.
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