A Discussion of Prices in Phnom Penh Cambodia Part 2
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A Discussion of Prices in Phnom Penh Cambodia Part 2
I put up a new post on my website.
http://www.kirifarms.com/blog/a-discuss ... dia-part-2
http://www.kirifarms.com/blog/a-discuss ... dia-part-2
Coin Cafe in Tuol Sleng area
- Lucky Lucan
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Here, I'd like to go into a bit greater detail on the general cost of living in Phnom Penh, Cambodia, one of the most efficient markets in the world.
Romantic Cambodia is dead and gone. It's with McKinley in the grave.
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Yeah... credit card transactions in stores don't work.
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Lucky Lucan wrote:Here, I'd like to go into a bit greater detail on the general cost of living in Phnom Penh, Cambodia, one of the most efficient markets in the world.
The only people using credit cards for retail purchases in Cambodia are tourists and temporary residents, so the demand is not strong enough to warrant the sort of investment that would bring the efficiency that you expect. In the same way, for example, the market for wealth management is small in Cambodia and can be expected to be inferior to the west.Don-Pierre de Plume wrote:
Yeah... credit card transactions in stores don't work.
But in terms of the real economy in Cambodia, the market mechanism is far superior to that in western economies for the reasons I discuss in the 2 articles and support with about 20 examples.
Coin Cafe in Tuol Sleng area
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You call that article a discussion of prices in Phnom Penh? Not a single word about pineapples!
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Thanks for sharing your blog. It was insightful!bitcambodia wrote:I put up a new post on my website.
http://www.kirifarms.com/blog/a-discuss ... dia-part-2
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You have a point, BUT... it used to work.bitcambodia wrote:Lucky Lucan wrote:Here, I'd like to go into a bit greater detail on the general cost of living in Phnom Penh, Cambodia, one of the most efficient markets in the world.The only people using credit cards for retail purchases in Cambodia are tourists and temporary residents, so the demand is not strong enough to warrant the sort of investment that would bring the efficiency that you expect. In the same way, for example, the market for wealth management is small in Cambodia and can be expected to be inferior to the west.Don-Pierre de Plume wrote:
Yeah... credit card transactions in stores don't work.
But in terms of the real economy in Cambodia, the market mechanism is far superior to that in western economies for the reasons I discuss in the 2 articles and support with about 20 examples.
And if the merchant accepts signature transactions, it's fine. Some do, some don't. Fucked up system all around.
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I notice he stays well away from cheese as well.prahocalypse now wrote:You call that article a discussion of prices in Phnom Penh? Not a single word about pineapples!
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Is bitcamb the OP of some thread lamenting pineapple prices, or something?
(Rings a bell...)
(Rings a bell...)
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