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Country for Sale Final English[1]

Country for Sale Final English[1]

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Published by Chonticha Tang

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Published by: Chonticha Tang on Jan 27, 2010
Copyright:Attribution Non-commercial

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10/23/2011

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Country for sale – how Cambodia’s elite has captured the country’s extractiveindustries1
Glossary of key termsResource curse
– the phenomenon by which natural resource wealth often results inpoor standards of human development, bad governance, increased corruption and
 
sometimes conflict.
Extractive industries
– for the purposes of this report, the extractive industries aredefined as the oil, gas, and mining industries.
Kleptocracy
– a style of governance characterised by high-level corruption andlooting of state funds for the purpose of increasing the personal wealth and politicalpower of the ruling class.
Shadow state
1
– a state where political power is wielded as a means to personal self-enrichment and state institutions are subverted to support those needs. Behind thelaws and government institutions of such states is a parallel system of personal rule.Leaders of these states are typically able to exploit their country’s public assets,particularly natural resources, through the subversion of bureaucratic institutions andthe monopoly on the use of violence. In this way, they can enrich themselves and payfor the means to stay in power.

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