Thailand - the buck stopped here

Article Abstract:

Thailand's economy is showing some modest signs of recovery some two years after the infamous baht devaluation that helped trigger off the Asian financial crisis. Some early signs of economic recovery, such as exchange rate stability, rising stock markets and falling inflation, point to modest growth in the near term. Other indicators such as increased manufacturing production, rising exports, higher private investment and a surplus in the current account all bode well for the country's economic future. A reformist government, a record of adherence to IMF policies and a willingness to implement sweeping financial deregulation have also helped to improve Thailand's reputation among bankers. The pragmatism of Thailand's business elite and the competitiveness of some key sectors are two other reasons for the renewed optimism about its ability to sustain long-term economic growth.

Economic Programs, Administration of Economic Programs, Analysis, Thailand, Economic policy, Economic development, Privatization, Privatization (Business), Deregulation, Economic indicators, International competition (Commerce), International competition (Economics)

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Open for business

Article Abstract:

Indonesia's impressive economic growth is largely credited to the policies of Pres. Suharto. In his 27 years in power, the 74-year-old strongman has seen his country strengthen economically. The poverty level has dropped from 60% in 1970 to 15% in 1995, while per-capita GDP has risen to $850. The president's decision to open the Indonesian economy has also helped boost investment in the country, with approved foreign investment jumping from $23.7 billion for the entire year of 1994 to $27.2 billion for the first half of 1995 alone. However, despite Indonesia's economic attractions, there are a number of problems that are worrying foreign investors. These include the issues of succession and government monopolies.

Foreign investments, Indonesia

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