All Entries in the "News And Society" Category
Keynesian Economics is a Failure
C. Read asked: Keynesian exuberance for the powers of stimulating demand or the ‘consumer’ has been in vogue since the 1930s. It is sheer nonsense which is taught in every school across the globe. Keynesian economics is little more than intellectual pablum used by those in power or by a technocratic and largely illiterate elite [...]
Economic Background For Investment In Thailand Part 1
Manora asked: Economic Background for Investment in ThailandUntil quite recently, Thailand had a reputation for being primarily a country which relied heavily on commodity exports, it used to be the world’s largest rice exporter.However, this is no longer true, the agricultural exports used to represent more than 40 percent of the country’s export in the [...]
Economic Background For Investment In Thailand Part 2
Manora asked: The First National Economic Development Plan continually emphasized development in Thailand. The Second National Economic Development Plan continually emphasized the development of infrastructure in such areas as communication and transportation. The Third Plan was named, the National Economic Development Plan, as it combined social economic development along with economic development in efforts to [...]
Economic Background For Investment In Thailand Part 5
Manora asked: The government adapted strict monetary and fiscal policies to control the rate of inflation during this period. Rigid monetary policies were used to limit credit expansion in the private sector. The fiscal policies were mostly the levying of import and export taxes. The export taxes were imposed on some commodities, such as rice [...]
