Economic Theory and Political Strategy—Cambodia
The political-strategic factors requiring economic analysis concerned what all agreed would be a transition from the Lon Nol regime, the Khmer Republic, to a government which at the least would have substantial Khmers Rouges representation. A more humane transition to the most liberal of feasible regimes was the American objective, shared by a significant segment of Lon Nol’s Cabinet. Monetary stabilisation, restoring confidence in the riel and bringing inflation under control, would, it was believed, importantly strengthen the Lon Nol regime.
KeywordsPolitical Strategy Money Stock Khmer Rouge Monetary Expansion Demand Price
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