Showing 1-10 of 16 results
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Sizing up the Kra Canal opportunity
News, Sawai Boonma, Published on 02/12/2015
» Thailand and South Korea started implementing accelerated development programmes about the same time as the United States started its urgent quest to land men on the moon. In that quest, the Saturn V rocket was the game changer, for its ability to take a heavy payload, including a moon lander and three astronauts, out of the Earth's gravity to the moon's orbit. It enabled Neil Armstrong and Buzz Aldrin to land on the moon's surface and return to Earth safely more than four decades ago.
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More effort needed on sufficiency economy
News, Sawai Boonma, Published on 07/10/2015
» Prime Minister Prayut Chan-o-cha's trip to New York to attend the United Nations summit generated a great deal of attention among Thais, including those in the United States. Some organised a protest near the United Nations headquarters while many more showed up to express their support. A large number who could not go to New York gathered in Los Angeles to air their views.
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Cabinet shuffle unlikely to kickstart growth
News, Sawai Boonma, Published on 05/08/2015
» As the economy continues to stagnate, speculation is getting more intense as to when the prime minister will replace some - or perhaps all - ministers in charge of the economy. Changing personnel may pacify the critics, but it is unlikely to change anything for the better. Both external and internal factors are working against any possibility of achieving robust growth in the near future.
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Don't play roulette with Thai society
News, Sawai Boonma, Published on 01/07/2015
» Since the National Council for Peace and Order took the reins of government 13 months ago, Thailand was supposed to be on a path of reform — to make major changes for the better. The National Reform Assembly (NRA), with members chosen from various groups of presumably wise Thais, was set up to put together what needs to be changed.
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Seeds of failure sown deep into national reform targets
Oped, Sawai Boonma, Published on 06/05/2015
» This month marks a year since the military took over the reins of government. According to its roadmap, the military has a few more months before it hands power back to an elected government. It will then be up to the new government to complete the reforms initiated over the past year.
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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.
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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.
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Corruption risks pulling everyone under
News, Sawai Boonma, Published on 06/11/2013
» It is not unusual for three people to share a Nobel Prize for doing research on the same subject, either together or separately. For the prize in economics this year, however, it is quite unusual because while separately conducting research on the movements of asset prices _ stocks, bonds, real estate, etc. _ the three people honoured reached contradictory conclusions.
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Detroit trod a surefire path to economic ruin
News, Sawai Boonma, Published on 07/08/2013
» On July 18, Detroit made an announcement heard around the world _ it had filed for bankruptcy.
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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.
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