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Provides a panorama of the jolting change engendered by the 1997 economic crisis
This fascinating study explores how face functions as social capital for leaders in Thai society. It examines the anatomy of Thai face, ways to gain and lose face, patron-client dynamics, and the sources and paradigms of power. Ethnographic research gives voice to Thai leaders as they describe face behaviors and the flow of power in their society. The author compellingly reveals an indigenous but little-used pathway to virtuous leadership that empowers both leaders and followers, to the benefit of all. Written with academic rigor in a popular style, this book presents insights that are crucial to understanding and building strategic relationships in Thai society. Highlights • An insider’s account of Thai leadership based on sound ethnographic research • Examines the significance of face in Thai society • Reveals the pathways to power in the Thai context • Explores the relationship of Thai leaders and their followers • Identifies the qualities of virtuous leadership
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.
According to the UN Conference on Trade and Development, Thailand has been among eight priority destinations for foreign investment since 2012. Factors weighing on growth in 2016 will include an ongoing economic slowdown, weakening global demand for Thai exports and growing levels of consumer debt. The government’s investment promotion agenda, while perhaps more complicated than in previous years, also addresses the dual challenge of labour shortages and the middle-income trap through promotion of both labour-intensive and high-tech industries, while potential membership in two major trade blocs could see regional and international exports soar in the coming years. Although the near-term forecast is dampened by global volatility, weakening demand and the impact of China’s slowdown, trade in Thailand will remain on an upwards trajectory in 2016, and investment, though unlikely to meet government targets, is nonetheless expected to bounce back from a challenging 2015.
Jim Glassman addresses the role of the state in the industrial transformation of what was, before the economic crisis of 1997-98, one of Southeast Asia's fastest growing economies. Approaching this issue from a different angle to those dominating 1980s and 1990s debates about the role of states in East Asian growth, Glassman argues that the Thai state has been both proactive and interventionist in encouraging industrial transformation - contrary to what neo-liberals have asserted - but at the same time has not been a 'developmental' state of the sort championed by neo-Weberian analysts of East Asia. Analyzing the Cold War period, the period of the economic boom, as well as the economic crisis and its political aftershock, Thailand at the Margins recasts the story of the Thai state's post-World War II development performance by focusing on uneven industrialization and the interaction between internationalization and the transformation of Thai labour.
World Bank Discussion Paper No. 345. Focuses on financial sector reforms in the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia and provides a detailed assessment of where each country stands relative to European Union requirements for financial sector integration. The paper reviews current trends and changes in the countries' banking systems, the development of their capital markets, and the effects of changes in their legal and regulatory systems on banking supervision.
Extreme inequalities in income,wealth and power lie behind Thailand’s political turmoil. What are the sources of this inequality? Why does it persist, or even increase when the economy grows? How can it be addressed? The contributors to this important study—Thai scholars, reformers and civil servants—shed light on the many dimensions of inequality in Thailand, looking beyond simple income measures to consider land ownership, education, finance, business structures and politics. The contributors propose a series of reforms in taxation, spending and institutional reform that can address growing inequality. Inequality is among the biggest threats to social stability in Southeast Asia, and this close study of a key Southeast Asian country will be relevant to regional policy-makers, economists and business decision-makers, as well as students of oligarchy and inequality more generally.
'Professor Krongkaew is one of Thailands best known academic economists, and he has brought together an impressive number of authorities on the modern Thai economy. The resulting book should be of great value to anyone wanting an authoritative and comprehensive overview of recent developments in one of Asias most dynamic economies.' - Anne Booth, School of Oriental and African Studies, University of London The book is divided into 4 parts. Part 1 gives an overview of Thai industrialization and the roles of agriculture, manufactured exports, direct foreign investment and tourism as major contributors to recent fast economic growth. Part 2 analyses the impact of industrialization on government finance, monetary policy, urbanisation, and household welfare. Part 3 further investigates impact on political development, social values, the environment, and education, health and science and technology. Part 4 looks at a future role of Thailand as a newly industrialized country in Asia.
"This is Thailand" is the riveting real-life account of Marek Lenarcik's blind leap from the safe, comfortable and utterly bullshit, corporate world of Dublin to the charming, exotic beaches of Thailand. With rose-tinted glasses firmly in place, Marek fully expects to find a land of exotic fruits, beautiful women and an easy-going tropical lifestyle. Which he does. At first. Traveling from Phuket to Bangkok and throughout Thailand's exotic locales, Marek's desire to experience all the forbidden fruits Thailand has to offer leads him to Piam, a gorgeous, kind, independent Thai girl who, he is convinced, might well be the one. But as he immerses himself deeper into this strange country, replete with often inexplicable thought-patterns, worldviews and customs, Marek begins to discover a much darker, more complex side to the Land of Smiles and its inhabitants. Soon, Piam begins to reveal her true colours. It soon dawns on him that, despite his best intentions (most of the time), he has been ensnared -- as have many men before him -- by the dreaded Honey Trap. The stormy relationship that ensues provides a fascinating backdrop to the insights into Thailand's unique culture that stem from Marek's efforts to come to terms with the reality of the country and the people who call it home.