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Thaksinomics
Thaksinomics (a portmanteau of " Thaksin" and "economics") is a term used to refer to the economic set of policies of Thaksin Shinawatra, the 23rd prime minister of Thailand from 2001 to 2006. There has been considerable controversy over the role Thaksinomics has played in Thailand's recovery from the 1997 Asian financial crisis. Among the most prominent advocates of Thaksin's economic policies is Morgan Stanley economist Daniel Lian. The term was coined by the Philippines president Gloria Macapagal Arroyo during the 2003 Nikkei in which she explained how she conducted her economic policy by following Thaksin's "domestic consumption-based (and) managed asset reflation". newsweek.combr>The Economics of Thailand's Thaksin is Catching OnGeorge Wehrfritz 8/22/08 Overview Thaksinomics is a populist set of economic policies aimed at Thailand's rural people, who make up the majority of the country's population. The policies of Thaksinomics have included: *A four-year debt mora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Thailand
The economy of Thailand is dependent on exports, which accounted for about 58 percent of the country's gross domestic product (GDP) in 2021. Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion Thai baht, baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the baht, is ranked as the tenth most frequently used world payment currency in 2017. The industrial and Tertiary sector of the economy, service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produces 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining sector adds 4.3 percent to the country's gross domestic product. Other service sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thaksin Shinawatra
Thaksin Shinawatra (, ; born 26 July 1949) is a Thai businessman and politician who was the 23rd prime minister of Thailand from 2001 to 2006. Since 2009 he has also been a citizen of Montenegro. Thaksin founded the mobile phone operator Advanced Info Service (AIS) and the information technology and telecommunications conglomerate Shin Corporation in 1987, ultimately making him one of the richest people in Thailand. He founded the Thai Rak Thai Party (TRT) in 1998 and, after a landslide electoral victory, became prime minister in 2001. He was the first democratically elected prime minister of Thailand to serve a full term and was re-elected in 2005 by an overwhelming majority. Thaksin declared a "war on drugs" in which 72 people were killed, though unsupported claims of 2,275 have persisted over the years. Thaksin's government launched programs to reduce poverty, expand infrastructure, promote small and medium-sized enterprises, and extend universal healthcare coverage. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Lian
Daniel Lian is a Southeast Asia Economist for Morgan Stanley, based out of Singapore. He holds a Ph.D. in economics from the East-West Center in Honolulu, Hawaii. Lian is perhaps best known as a prominent proponent of Thaksinomics, a set of economic policies advocated by Thai Prime Minister Thaksin Shinawatra designed to steer Thailand out of the Asian financial crisis. Lian's close personal relationship with Prime Minister Thaksin has raised concerns of a possible conflict of interest that could impugn his impartiality and credibility in his role as an analyst of the Thai economy. In October 2005, more light was shed on the nature of his relationship with Thaksin when a letter that Lian had written to the Prime Minister was leaked to the Bangkok-based English-language newspaper ''Thai Day''. In the letter, Lian thanked Thaksin for a dinner he had recently hosted and also noted the efforts that Lian had made on Thaksin's behalf. These efforts included assisting with a road show ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portmanteau
In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.Garner's Modern American Usage p. 644. English examples include '' smog'', coined by blending ''smoke'' and ''fog'', and '''', from ''motor'' ('' motorist'') and ''hotel''. A blend is similar to a [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2006 Thailand Coup
6 (six) is the natural number following 5 and preceding 7. It is a composite number and the smallest perfect number. In mathematics A six-sided polygon is a hexagon, one of the three regular polygons capable of tiling the plane. A hexagon also has 6 edges as well as 6 internal and external angles. 6 is the second smallest composite number. It is also the first number that is the sum of its proper divisors, making it the smallest perfect number. It is also the only perfect number that doesn't have a digital root of 1. 6 is the first unitary perfect number, since it is the sum of its positive proper unitary divisors, without including itself. Only five such numbers are known to exist. 6 is the largest of the four all-Harshad numbers. 6 is the 2nd superior highly composite number, the 2nd colossally abundant number, the 3rd triangular number, the 4th highly composite number, a pronic number, a congruent number, a harmonic divisor number, and a semiprime. 6 is also the fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Corruption
Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain. Forms of corruption vary but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, Graft (politics), graft, and embezzlement. Corruption may facilitate criminal enterprise, such as drug trafficking, money laundering, and human trafficking, although it is not restricted to these activities. Over time, corruption has been defined differently. For example, while performing work for a government or as a representative, it is unethical to accept a gift. Any free gift could be construed as a scheme to lure the recipient towards some biases. In most cases, the gift is seen as an intention to seek certain favors, such as work promotion, tipping in order to win a contract, job, or exemption from certain tasks in the case of junior worker handing in the gift to a senior employee who can be key in winning the favor. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Deficit
Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in services is also included in the balance of trade but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The idea that a trade deficit is detrimental to a nation's economy is often rejected by modern trade experts and economists. Explanation The balance of trade forms part of the current account, which includes other transactions such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004 Indian Ocean Earthquake And Tsunami
On 26 December 2004, at 07:58:53 local time ( UTC+7), a major earthquake with a magnitude of 9.2–9.3 struck with an epicentre off the west coast of Aceh in northern Sumatra, Indonesia. The undersea megathrust earthquake, known in the scientific community as the Sumatra–Andaman earthquake, was caused by a rupture along the fault between the Burma plate and the Indian plate, and reached a Mercalli intensity of IX in some areas. A massive tsunami with waves up to high, known as the Boxing Day Tsunami after the Boxing Day holiday, or as the Asian Tsunami, devastated communities along the surrounding coasts of the Indian Ocean, killing an estimated 227,898 people in 14 countries, violently in Aceh (Indonesia), and severely in Sri Lanka, Tamil Nadu (India), and Khao Lak (Thailand). The direct result was major disruption to living conditions and commerce in coastal provinces of surrounding countries. It is the deadliest natural disaster of the 21st century, one of the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Thailand
The prime minister of Thailand (, , ; literally 'chief minister of state') is the head of government of Thailand. The prime minister is also the chair of the cabinet of Thailand. The post has existed since the Siamese Revolution of 1932, when the country became a constitutional monarchy. Prior to the 2014 Thai coup d'état, 2014 coup d'état, the prime minister was nominated by a vote in the Thai House of Representatives (Thailand), House of Representatives by a simple majority, and is then appointed and sworn in by the King of Thailand. The house's selection is usually based on the fact that either the prime minister is the leader of the largest political party in the lower house or the leader of the largest coalition of parties. In accordance with the 2017 Constitution, the Prime Minister can hold the office for no longer than eight years, consecutively or not. The current prime minister is Paetongtarn Shinawatra, who took office on 16 August 2024 after the removal of Srettha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keynesian
Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. It is influenced by a host of factors that sometimes behave erratically and impact production, employment, and inflation. Keynesian economists generally argue that aggregate demand is volatile and unstable and that, consequently, a market economy often experiences inefficient macroeconomic outcomes, including recessions when demand is too low and inflation when demand is too high. Further, they argue that these economic fluctuations can be mitigated by economic policy responses coordinated between a government and their central bank. In particular, fiscal policy actions taken by the government and monetary policy action ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
