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Author: Julius Henke Publisher: GRIN Verlag ISBN: 3668967369 Category : Business & Economics Languages : en Pages : 27
Book Description
Seminar paper from the year 2018 in the subject Economics - Case Scenarios, RWTH Aachen University, language: English, abstract: What are the consequences of these frequent changes of government on the domestic economy in Thailand? Is political instability likely to have a positive effect on economic growth? Against this background I would like to examine in this paper the extent to which political instability affects the economy in Thailand. First, the concept of political instability and the link to economic growth as presented in recent literature will be explained. A description of the political and economic history of Thailand will follow. After that, the relationship between political instability and economic growth within Thailand will be analysed using selected indicators. Between 1932 and 1997, Thailand had twenty-four governments, often emerging in the wake of major political crises. During these years, Thailand went through ten coups and sixteen failed coup attempts. Accordingly, the average tenure of a Thai government has been about twenty-four months. The longest survived one hundred months, under Prem Tinsulanonda (16th Prime Minister between 1980 and 1988) the shortest, under Suchinda Kraprayoon (19th Prime Minister between 7 April 1992 and 24 May 1992), only two months. Historically, Thailand had largely positive growth rates of between five and ten percent. Thailand's economy has grown increasingly over the last 25 years. Except for two major events, the Asian financial crisis in 1997 and the global economic crisis beginning in 2007. However, it can be said that economic growth in recent years has increased, despite the above-average number of changes of government and military coups. Political instability leads to greater uncertainty for economic actors within instable countries and can lead to fewer investments being made. The investment climate is suffering from violent conflicts such as civil wars, wars between nations, politically motivated attacks, coups d'états. Also frequent changes of government can generate uncertainty.
Author: Julius Henke Publisher: GRIN Verlag ISBN: 3668967369 Category : Business & Economics Languages : en Pages : 27
Book Description
Seminar paper from the year 2018 in the subject Economics - Case Scenarios, RWTH Aachen University, language: English, abstract: What are the consequences of these frequent changes of government on the domestic economy in Thailand? Is political instability likely to have a positive effect on economic growth? Against this background I would like to examine in this paper the extent to which political instability affects the economy in Thailand. First, the concept of political instability and the link to economic growth as presented in recent literature will be explained. A description of the political and economic history of Thailand will follow. After that, the relationship between political instability and economic growth within Thailand will be analysed using selected indicators. Between 1932 and 1997, Thailand had twenty-four governments, often emerging in the wake of major political crises. During these years, Thailand went through ten coups and sixteen failed coup attempts. Accordingly, the average tenure of a Thai government has been about twenty-four months. The longest survived one hundred months, under Prem Tinsulanonda (16th Prime Minister between 1980 and 1988) the shortest, under Suchinda Kraprayoon (19th Prime Minister between 7 April 1992 and 24 May 1992), only two months. Historically, Thailand had largely positive growth rates of between five and ten percent. Thailand's economy has grown increasingly over the last 25 years. Except for two major events, the Asian financial crisis in 1997 and the global economic crisis beginning in 2007. However, it can be said that economic growth in recent years has increased, despite the above-average number of changes of government and military coups. Political instability leads to greater uncertainty for economic actors within instable countries and can lead to fewer investments being made. The investment climate is suffering from violent conflicts such as civil wars, wars between nations, politically motivated attacks, coups d'états. Also frequent changes of government can generate uncertainty.
Author: Mr.Ari Aisen Publisher: International Monetary Fund ISBN: 1455211907 Category : Business & Economics Languages : en Pages : 30
Book Description
The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Author: OECD Publisher: OECD Publishing ISBN: 926429192X Category : Languages : en Pages : 112
Book Description
This review analyses Thailand’s integrity system. It takes stock of the country's recent efforts to tackle corruption, such as the creation of anti-corruption commissions and legislation.
Author: Keiichi Tsunekawa Publisher: Springer ISBN: 9811328595 Category : Political Science Languages : en Pages : 298
Book Description
This book is open access under a CC BY-NC-ND license. This volume analyzes the economic, social, and political challenges that emerging states confront today. Notwithstanding the growing importance of the ‘emerging states’ in global affairs and governance, many problems requiring immediate solutions have emerged at home largely as a consequence of the rapid economic development and associated sociopolitical changes. The middle-income trap is a major economic challenge faced by emerging states. This volume regards interest coordination for technological upgrading as crucial to avoid the trap and examines how various emerging states are grappling with this challenge by fostering public-private cooperation, voluntary associations of market players, and/or social networks. Social disparity is another serious problem. It is deeply rooted in history in the emerging states such as South Africa and many Latin American countries. However, income distribution is recently deteriorating even in East Asia that was once praised for its high economic growth with equity. Increasing pressure for political opening is another challenge for emerging states. This volume argues that the economic, social, and political problems are interwoven in the sense that the emerging states need to build political consensus in order to tackle the economic and social difficulties. Democratic institutions have not always been successful in this respect.
Author: Pasuk Phongpaichit Publisher: NIAS Press ISBN: 9788791114786 Category : Biography & Autobiography Languages : en Pages : 314
Book Description
Thaksin Shinawatra has often been compared to Italy's Silvio Berlusconi. Both are fabulously wealthy media magnates who have entered politics. And both have a possessive passion for football. Berlusconi owns Forza Milan and, as many fans note with mixed feelings, Thaksin recently attempted to acquire a 30 per cent stake in Liverpool FC. But there is more to him than football. He became Thailand's prime minister in early 2001 after a landslide election victory in which he promised to 'think new, act new' to transform the country's economy and politics. Since then, Thaksin has been highly popular but also highly controversial. Two long-standing observers have described him as 'the best prime minister Thailand has ever had' and 'another grubby businessman'. This is the first serious study of Thaksin in English. It examines where he comes from and what he is trying to do. The authors, an economics professor and independent author, have written several other books on economics, politics and current affairs in Thailand.
Author: Publisher: World Bank Publications ISBN: 9780821326084 Category : Business & Economics Languages : en Pages : 50
Book Description
Why has public policy had only an indirect impact on Thailand¿s considerable developmentNULL This comprehensive report points to policy differences within the country¿s government. First it describes macroeconomic policies that advanced private enterprises, promoted universal education, and created productive state-owned companies. Then the report compares these policies with government interventions that--until recently--heavily favored capital-intensive industries over agriculture and labor-intensive manufacturing. Thailand¿s successful economic adjustment program is also examined. This program produced double-digit growth rates in the late 1980s by opening trade, expanding labor-intensive exports, and encouraging foreign direct investment.
Author: National Intelligence Council Publisher: Cosimo Reports ISBN: 9781646794973 Category : Languages : en Pages : 158
Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author: Antoinette R. Raquiza Publisher: Routledge ISBN: 1136505024 Category : Political Science Languages : en Pages : 226
Book Description
Why do some small, developing countries industrialize and others don’t? What factors account for different economic performance among states that are vulnerable to external shocks, crony capitalism, and political instability? This book argues that the answer lies in the structuring of state power, specifically the way different sets of governing elites – political leaders and economic technocrats – are embedded in political organisations and state institutions, and the way these elites relate to each other in the economic development policy process. Conducting a comparative historical analysis of Thailand and the Philippines, the book argues that the institutional settings of governing elites influence economic outcomes. In Thailand, political power traditionally connects to state institutions in ways that has limited the impact of political turnovers and global downturns - conducive to long-term industrial activities. In contrast, Philippine state power derives from family networks that merge social and political power, suited to fast-moving, short-term commercial interests. In focusing on this political and institutional story, the author analyses the current development dilemmas of countries, weighed down by historical legacies of unstable regimes, dependency, and social conflict, and how they are likely to develop in the future.
Author: Paul Collier Publisher: Harper Collins ISBN: 0061977209 Category : History Languages : en Pages : 344
Book Description
“Collier has made a substantial contribution to current discussions. His evidence-based approach is a worthwhile corrective to the assumptions about democracy that too often tend to dominate when Western policy makers talk about the bottom billion.” —The New York Times Book Review “Before President Obama makes a move he would do well to read Professor Paul Collier’s Wars, Guns, and Votes. . . Unlike many academics Collier comes up with very concrete proposals and some ingenious solutions.” — The Times (London) In Wars, Guns, and Votes, esteemed author Paul Collier offers a groundbreaking, radical look at the world’s most violent, corrupt societies, how they got that way, and what can be done to break the cycle. George Soros calls Paul Collier “one of the most original minds in the world today,” and Wars, Guns, and Votes, like Collier’s previous award-winning book The Bottom Billion, is essential reading for anyone interested in current events, war, poverty, economics, or international business.
Author: Stephan Haggard Publisher: Columbia University Press ISBN: 088132308X Category : Political Science Languages : en Pages : 304
Book Description
The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected—Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity.
Author: Julius Henke
Author: Julius Henke
Author: Mr.Ari Aisen
Author: OECD
Author: Keiichi Tsunekawa
Author: Pasuk Phongpaichit
Author: 
Author: National Intelligence Council
Author: Antoinette R. Raquiza
Author: Paul Collier
Author: Stephan Haggard