Soft targets
Article Abstract:
Foreign investors have welcomed the fact that Thailand has accepted the International Monetary Fund's programme for financial stabilization. However, some observers believe that the strict budget targets imposed by the programme are having a particularly negative impact on the poor. This could in turn spark off social unrest and undermine the country's economic recovery. Asian governments have so far focused on avoiding defaulting on their debt, but could be increasingly forced to consider the social consequences of the economic crisis.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Austerity overdose
Article Abstract:
Many Thais feel that the economic austerity measures being imposed on the country by the International Monetary Fund (IMF) are too extreme. This view is now being taken up by the government, which is hoping to persuade the IMF to consider how the austerity programme can be made more appropriate. However, it has also emphasized that it will not shy away from the terms imposed by the IMF as part of its $17.2 billion aid programme in Aug 1997.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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