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Between 1987 and 1990 Thailand experienced double-digit growth, fed by high capital inflows. This made Thailand one of the first developing countries to recover from the recession of the 1980s. Since 1990 growth and capital inflows have continued at a high level. The book makes a detailed study of the macroeconomic impact of capital inflows during recent years and during an earlier period when growth, and capital inflows, were high, in the late 1970s. It is shown that the results of the recent period are more sustainable than those of the earlier period, due to the differences in the nature of capital inflows, in external conditions, and in economic policies.
This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.
E.V.K. FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.
Richard Doner compares Thai economic development with competing nations, revealing how specific political factors shape institutional capacity in each.
This interdisciplinary book offers a critical analysis of Thai education and its evolution, providing diverse perspectives and theoretical frameworks. In the past five decades Thailand has seen impressive economic success and it is now a middle-income country that provides development assistance to poorer countries. However, educational and social development have lagged considerably behind itsglobally recognized economic success. This comprehensive book covers each level of education, such as higher and vocational/technical education, and such topics as internationalization, inequalities and disparities, alternative education, non-formal and informal education, multilingual education, educational policy and planning, and educational assessment. The 25 Thai and 8 international contributors to the volume include well-known academics and practitioners. Thai education involves numerous paradoxes, which are identified and explained. While Thailand has impressively expanded its educational system quantitatively with much massification, quality problems persist at all levels. As such, the final policy-oriented summary chapter suggests strategies to enable Thailand to escape “the middle income trap” and enhance the quality of its education to ensure its long-term developmental success.
The second edition, which first provides an overview of the country in the introduction, traces the long and complicated history in the chronology and goes into much greater detail in the dictionary. Offering 64 new entries, as well as updates and revisions to older ones, the dictionary presents important persons, places, institutions, and more in an easily accessible resource. Significant recent events are discussed including the 1997-98 Thai economic crisis and its effects, reforms of the national government, and the growth in political roles of both businessman and other middle class members. In addition, the book updates basic information relative to population growth, urbanization, and industrialization of the economy. All this is topped off by a solid bibliography making this an essential reference tool.
Covering a wide variety of Asian countries, this book explores the complex economic and regulatory factors that generate social demand for state regulation and shows how local networks, courts, democratic processes and civil society have a huge influence on regulatory systems.
This book represents the first systematic attempt to explore the financial crisis in an interdisciplinary and comparative perspective and is essential reading for both policy-makers and academics interested in national governance.
The rural, Lao-speaking people of northeastern Thailand constitute over a third of the entire population of Thailand. Over the last century, this ethnically separate community has evolved from a traditional peasantry into “cosmopolitan” villagers who are actively shaping Thai politics. Eminent anthropologist Charles Keyes traces this evolution in detail, beginning with the failure of a Buddhist millenarian uprising in 1901–2 and concluding with the successful election of the Thai Rak Thai/Pheu Thai Party in the 2000s. In the intervening century, rural northeasterners have become more educated and prosperous, and they have gained a sophisticated understanding of the world and of their position in it as Thai citizens. Although northeasterners have often been thwarted in their efforts to press government agencies to redress their grievances, they have rejected radical revolutionary efforts to transform the Thai political system. Instead, they have looked to parliamentary democracy as the system in which they can make their voices heard. As the country engages with the processes of democracy, the Pheu Thai Party and the Red Shirt movement appear to have established the people of northeastern Thailand as an authentic voice in the nation’s political landscape. Highlights • Traces the evolution of a marginalized peasantry into a significant political force in Thai society • Examines the disjunction between the urban middle-class negative perspectives on the northeastern Thai rural population and real characteristics of that population • Highlights the different views of political authority and legitimacy in Thailand that have contributed to the twenty-first century crisis in the Thai political order What Others Are Saying “Finding Their Voice by anthropologist Charles Keyes is a culmination of decades of careful ethnography consistently combined with an astute political analysis and sense of history. Reminiscent of Eugen Weber’s classic, “Peasants into Frenchmen,” Keyes’s book shows that the people of Isan have become the makers and undoers of governments and are more firmly wedded to the modern notion of parliamentary democracy than are the refined urban elites. This book has as much to say about the polarized politics of Thailand as it does about the rich culture and history of Isan.” —Philip Hirsch, University of Sydney
The world financial crisis of 1997-99 was the most important international economic event since the oil shocks of the 1970s and the associated debt crisis of the 1980s. What were its political causes and consequences? In particular, how did interest group coalitions and political institutions affect pre-crisis economic policies and post-crisis responses? This book focuses on how policymaking coalitions are formed and how political institutions mediate the pressure of rival coalitions. This approach is applied to 13 countries drawn from the main crisis-affected regions of the world economy East Asia, Southeast Asia, Latin America and Eastern Europe."