This paper explores the impact of government and consumer decisions made in a major developed country like the United States of America on political, economic, and social conditions in a smaller developing country like the Kingdom of Cambodia. Specifically, the paper attempts to demonstrate what effect, if any, decisions in USA housing sector on employment in the Cambodia.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Exploring Casual Relationships between US Government and Private Consumer Decisions on the Short-term Rise and Fall of the Cambodian Garment Industry
- Historical Background of the US Interconnection with the Cambodian Garment Industry
- The United States - Cambodia Bilateral Trade Agreement 1999-2005
- The United States Housing Crisis
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to advocate for the inclusion of globalization education in developed nations' curricula, demonstrating how governmental and consumer decisions impact developing economies. It uses the Cambodian garment industry's rise and fall (1999-2010) as a case study to illustrate this impact.
- Impact of US government and consumer decisions on developing economies.
- The role of globalization in interconnected economic systems.
- The Cambodian garment industry's boom and bust cycle.
- Consequences of US trade agreements and economic policies on Cambodia.
- The ripple effects of the US housing crisis on global economies.
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction proposes integrating globalization education into curricula to highlight the global ramifications of economic decisions. The paper then examines the US-Cambodia bilateral trade agreement (1999-2005), detailing the growth of Cambodia's garment industry during this period and its dependence on the US market. The impact of the US housing crisis on Cambodia’s garment industry is also explored, demonstrating a link between seemingly distant events and their global consequences.
Schlüsselwörter (Keywords)
Casual relationships, Cambodian garment industry, globalization, US economic policy, international trade, US housing crisis, developing economies, Cambodia GDP.
Frequently Asked Questions
What is the main objective of this paper?
The paper aims to demonstrate how government and consumer decisions in developed nations, like the US, impact political, economic, and social conditions in developing countries like Cambodia.
How did the US housing crisis affect Cambodia?
The study explores the causal link between the downturn in the US housing sector and its ripple effects on employment and growth within the Cambodian garment industry.
What was the significance of the 1999-2005 Bilateral Trade Agreement?
This agreement was a key factor in the growth of Cambodia's garment industry, creating a high level of dependence on the United States market.
Why does the author advocate for globalization education?
The author believes that curricula in developed nations should include globalization education to highlight the global ramifications of domestic economic and political decisions.
What time period does the case study cover?
The paper analyzes the boom and bust cycle of the Cambodian garment industry specifically between the years 1999 and 2010.
- Quote paper
- Eric Coggins (Author), 2011, Exploring Causal Relationships Between the US Economy and Cambodian Garment Industry, Munich, GRIN Verlag, https://www.grin.com/document/182740
