Cambodian Elections...

Ahead of elections in Cambodia, the Wall Street Journal and other news outlets were reporting that Hun Sen was in a strong position to win despite the fact that corruption is widespread and the country consistently ranks low on corruption and economic freedom indexes. In fact, Cambodia was ranked as the 100th freest economy in the 2008 Index of Economic Freedom - just between Zambia (ranked 99) and Brazil (ranked 101); and 151st (together with Belarus, Côte d´Ivoire, Equatorial Guinea, and Uzbekistan) out of 163 countries in Transparency International's Corruption Perceptions Index for 2006. Either way, leadership stability suits investors just fine. In fact, the Financial Times recently quoted Douglas Clayton, the Founder of Leopard Capital, as saying:
"'Until a few years ago, Cambodia was not considered investable because of a perception of political instability and a weak legal structure,' says Douglas Clayton, who has been investing in south-east Asia for 20 years and manages Leopard Capital, a Cambodian fund. 'We can now predict who will be running the government for the next five or even 10 years - and a government that is pro-business - which isn't the case in Thailand, Malaysia or the Philippines.'"