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This book presents an economic history of Bangkok, the Central Region, the North, the South, and Northeastern Regions from the signing of the Bowring Treaty in 1855 to the present. Most research has focused on Bangkok as the centre of change affecting other regions and has neglected other regions that had an influence on Bangkok. This book however looks at the changes not only in Bangkok, but also in the other regions, and emphasizes the ways in which Bangkok had an impact on the other regions, and how changes in the other regions affected Bangkok. It also looks, in turn, at each of the principal regions, and concentrate on the long-term economic and social changes and the various forces which promoted the changes.
The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.
A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.
This book contains a medium-term (five-year) economic outlook for Southeast Asia, China and India.
This book presents an economic history of Bangkok, the Central Region, the North, the South, and Northeastern Regions from the signing of the Bowring Treaty in 1855 to the present. Most research has focused on Bangkok as the centre of change affecting other regions and has neglected other regions that had an influence on Bangkok. This book however looks at the changes not only in Bangkok, but also in the other regions, and emphasizes the ways in which Bangkok had an impact on the other regions, and how changes in the other regions affected Bangkok. It also looks, in turn, at each of the principal regions, and concentrate on the long-term economic and social changes and the various forces which promoted the changes.
The principal cause of the 1930s depression in Southeast Asia lay outside the region through a sharp contraction in demand for the regions major commodity exports. But it had important internal causes too: an oversupply of primary commodities and an increasing scarcity of new agricultural land leading to higher rents and lower wages, rising indebtedness and increasing landlessness. This work thoroughly analyses the pre-war depression. It also looks at the changes in the basic structures of the economies of Southeast Asia that were of long-term importance, such as the role of the state in the economy. The authors also draw similarities and contrasts between the 1930s depression and the 1990s Asian crisis.
This report provides a review of the economics of climate change in the Southeast Asia, with a particular focus on Indonesia, Philippines, Singapore, Thailand, and Viet Nam. It confirms that the region is highly vulnerable to climate change and demonstrates that a wide range of adaptation measures are already being applied. The report also shows that the region has a great potential to contribute to greenhouse gas emission reduction, and that the costs to the region and globally of taking no early action against climate change could be very high. The basic policy message is that efforts must be made to apply all feasible and economically viable adaptation and mitigation measures as key elements of a sustainable development strategy for Southeast Asia. It also argues that the current global economic crisis offers Southeast Asia an opportunity to start a transition towards a climate-resilient and low-carbon economy by introducing green stimulus programs that can simultaneously shore up economies, create jobs, reduce poverty, lower carbon emissions, and prepare for the worst effects of climate change.
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Why do some middle-income countries diversify their economies but fail to upgrade – to produce world-class products based on local inputs and technological capacities? Why have the 'little tigers' of Southeast Asia, such as Thailand, continued to lag behind the Newly Industrializing Countries of East Asia? Richard Doner goes beyond 'political will' by emphasizing institutional capacities and political pressures: development challenges vary; upgrading poses tough challenges that require robust institutional capacities. Such strengths are political in origin. They reflect pressures, such as security threats and resource constraints, which motivate political leaders to focus on efficiency more than clientelist payoffs. Such pressures help to explain the political institutions – 'veto players' – through which leaders operate. Doner assesses this argument by analyzing Thai development historically, in three sectors (sugar, textiles, and autos) and in comparison with both weaker and stronger competitors (Philippines, Indonesia, Taiwan, Brazil, and South Korea).
In mid 2020, IRSA produced a call for papers inviting Indonesian academics to report and analyse issues related to the COVID-19 pandemic at regional level in Indonesia in order to provide regional perspectives on how the pandemic has affected local people, and how local people responded to this treat and what policy gaps seen from the regions. Thirty-five academics responded to this call, resulting in these 15 selected chapters for this book. These chapters deal with inter-regions as well as specific region analysis. The specific region analyses cover from issues in large cities such as Jakarta, Yogyakarta and Manado to those in remote areas such as Tual islands, border areas of West Kalimantan and Papua. The COVID-19 related issues in this book are rich, as they also include the issues of regional election, people mobilities, social capital, poverty and food prices. For all the readers of this book: happy reading. Hope you learn more about Indonesia and its COVID-19 related issues.