A policy recommendation for the new cabinet… For Thailand’s next step forward

As you read this article you will notice that Thailand is now in the hands of its new cabinet, led by Prime Minister Abhisit Vejjajeva. While a variety of different attitudes to this new cabinet will inevitably lead the Thai people in their reaction to the new lineup, certain inescapable and important tasks now press on cabinet agenda and to these crucial tasks, attention must be given. Policies are to be formulated for each ministry and old problems remain to be solved. Thailand must even be protected from an inflowing barrage of problems; not only economic in nature – though this will very soon be a back-breaking burden for the government, but a plethora of other chronic problems also queue for the attention of Thailand’s new cabinet, whether the serious issues of crime, poor-quality education, or environmental degradation, to name a few.

Asian Financial Cooperation and the Hamburger Crisis

The recent global financial surge has been “upside down.” In financial markets, the rich generally accumulate assets and act as creditors lending to those who are poorer. Ironically, Asian creditors have supported major Western countries, particularly USA, although the average per capita GDP of Asia is far less that of the West. But USA has vast current account deficit, and Asia has enormous current account surplus, with this international trade imbalance leading naturally to US Dollar depreciation and Asian currency appreciation.

Asian Financial Cooperation and the Hamburger Crisis

The recent global financial surge has been “upside down.” In financial markets, the rich generally accumulate assets and act as creditors lending to those who are poorer. Ironically, Asian creditors have supported major Western countries, particularly USA, although the average per capita GDP of Asia is far less that of the West. But USA has vast current account deficit, and Asia has enormous current account surplus, with this international trade imbalance leading naturally to US Dollar depreciation and Asian currency appreciation.

The Hamburger Crisis and Asian Financial Cooperation

Two words best fit our global financial surge of recent times: “upside down.” In financial markets, the rich generally accumulate assets, and therefore play a role as creditors lending their financial resources to those who are poorer. Ironically, Asian, especially East Asian, countries have been the creditors of major Western countries, especially the USA, although the average per capita GDP of Asian countries is far less that of the Western hemisphere countries.

The Hamburger Crisis and Asian Financial Cooperation

Two words best fit our global financial surge of recent times: “upside down.” In financial markets, the rich generally accumulate assets, and therefore play a role as creditors lending their financial resources to those who are poorer. Ironically, Asian, especially East Asian, countries have been the creditors of major Western countries, especially the USA, although the average per capita GDP of Asian countries is far less that of the Western hemisphere countries.