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  • OPINION

    Is lower growth a 'sustainable' blessing in disguise?

    News, Sawai Boonma, Published on 04/02/2015

    » Economic numbers and growth prospects seem to make few people happy these days. But unless we are among the desperately poor or unemployed with few prospects of changing our lot, perhaps we should not feel bad. 

  • OPINION

    Somkid's stimulus plan an invitation to more debt

    News, Sawai Boonma, Published on 02/09/2015

    » The cabinet on Tuesday endorsed the emergency economic stimulus package proposed by the new team under the leadership of economic czar Deputy Prime Minister Somkid Jatusripitak.

  • OPINION

    Debt-inequality trap risks being sprung any moment

    News, Sawai Boonma, Published on 05/11/2014

    » Last month, the International Monetary Fund issued its latest assessment of the global economy for 2014, lowering the growth rate from 3.7% projected in its previous assessment to 3.3%. The picture is less rosy despite better outlook for the United States - the largest engine of the world economy – that leads the Federal Reserve System to stop pumping massive amounts of money into the economy via quantitative easing, which totaled some $4.5 trillion over the past six years. Gloomier prospects for other economies have been attributed to continued feeble demand.

  • OPINION

    Sufficiency economy doesn't mean self-sufficiency

    News, Sawai Boonma, Published on 03/12/2014

    » Since the head of the National Council for Peace and Order (NCPO) announced some six months ago that he would use the sufficiency economy (SE) as the guiding light for governing the country, I again have seen discussions equating SE with self-sufficiency. It's not.

  • OPINION

    Economy trapped in mire of corruption

    News, Sawai Boonma, Published on 04/09/2013

    » With growth stalling everywhere, including in the middle-income countries and especially the once high-flying Brics (Brazil, Russia, India, China and South Africa) grouping, discussions about the nature of the middle-income trap and how to get out of it have again come to the fore.

  • OPINION

    Cyprus was warned, but it refused to listen

    News, Sawai Boonma, Published on 03/04/2013

    » The severity of the economic problems in Cyprus puzzles me. When my World Bank colleagues and I were working on Cyprus in the 1980s, we were favourably impressed by our Cypriot counterparts, both in the government and in the private sector.

  • OPINION

    Our road to sustainability grows ever rockier

    News, Sawai Boonma, Published on 06/02/2013

    » Last week, former US vice president and Nobel Peace Prize laureate Al Gore published perhaps another bestseller entitled, The Future: Six Drivers of Global Change. From the pre-publication announcement, it was not clear what the six drivers might be. While waiting for my pre-publication order to be delivered, I saw his brief interview with the BBC.

  • OPINION

    Moderation provides key to happiness

    News, Sawai Boonma, Published on 02/01/2013

    » On June 6 of last year, I wrote in this column that the Great Recession starting in 2008 was bad for most people except those who wrote about it. Dozens of books have been published and I mentioned three that had interested me in particular _ two by Joseph Stiglitz and one by Jeffrey Sachs. These books ask more fundamental questions than most about the causes of the current economic problems.

  • OPINION

    Sufficiency economy, our solution

    News, Sawai Boonma, Published on 01/08/2012

    » Over the past two years, I have occasionally referred to the notion of sufficiency economy - a term translated from Thai after His Majesty the King first uttered it publicly on Dec 4, 1997.

  • OPINION

    From the year of fury to the year of doom?

    News, Sawai Boonma, Published on 05/01/2012

    » With a 9.0 magnitude earthquake hitting Japan in March, causing vast destruction and leaving nearly 20,000 people killed or missing, 2011 should register as one of the years that the four elements _ earth, air, fire and water _ had unleashed its most destructive fury.

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