Sunday, November 18, 2007

Signs of an Emerging Market Economy

We were last in Siem Reap about 18 months ago. Wow, have things changed. This is what economists call an emerging market economy. Many more streets are paved. Toyota and Honda automobiles are filling the streets, along with the swarms of motorbikes. And the Korean tourists are flocking in by the planeload.

The construction cranes we saw in 2006 are now the new hotels filled with tourists from South Korea. Dozens of Korean restaurants have sprouted up. In the U.S., people from the Northeast flock to Florida and Disneyworld. I suppose people from Korea flock to Siem Reap and to see the Angkor temples.



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