Abstracts » Business, international

Mind the gap

Article Abstract:

Economic development and change in Thailand has lead to an increasing gap between rich and poor along urban/rural lines. Wealthy urban Thai's, largely Bangkok-based, earn 50% of the nation's income while comprising 20% of the population. About 14% of Thais are poor, and most of them are rural. The Thai government is investing in rural development programs, including road, waterway and rail transportation improvements, improved electric and telecommunication lines, and business incentives for companies wishing to locate in rural areas.

Administration of Urban Planning and Community and Rural Development, Rural Development, Income distribution

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Full speed ahead

Article Abstract:

Thailand's economy seems generally strong but faces some important challenges in the medium to long term. Currently its GDP is growing at 8.6%, as it did last year, perhaps creating inflationary pressures. Plans to raise government spending and lower taxes may exacerbate this. Imports continue to rise faster than exports, though much of the former is in capital goods that will ultimately increase manufacturing capacity. A weak education system outside the capital, Bangkok, has led to a widespread shortage of skilled workers.

Economy, Business & Labor, Economic indicators

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Foreign aid

Article Abstract:

In a bid to boost Bangkok's sagging stock exchange Finance Minister Surakiart Sathirathai has prompted the Securities and Exchange Commission to establish mutual funds that lower barriers to foreign ownership of Thai stock. Called Thai Trust Funds, they will be run by a private company 99% owned by the Stock Exchange of Thailand. Investors will not be subject to the current limitations, but will not be able to vote the shares. Many fund mgrs cannot take part due to their own rules, and some companies will not participate.

Analysis, International economic relations

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