Cambodia Showing Signs of ‘Oil Curse’

SUBSCRIBE NOW
Free Newsletter

Up to $1.7 billion a year in oil money is set to flow into impoverished Cambodia, where 35 percent of the population lives under $1 a day and where this year’s national budget is only $1.8 billion. Yet in a country ranking a dismal 166 out of 180 on Transparency International’s annual corruption rankings, allegations of nepotism and cronyism are already surfacing around the country’s nascent oil sector, set to start production in 2012. Critics, like London-based watchdog Global Witness, claim the makings of a “resource curse” are in place, wherein a political elite will siphon profits that should be […]

TO READ MORE

Enter your email to get instant access to this article and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Become a member now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Weekly in-depth reports, including features on important countries and issues.
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.

And all of this is available to you — right now for just $1 for the first 3 months.

More World Politics Review