Theory of Job Seeking: A Proposal for Thailand

Professors Peter Diamond, Dale Montensen and Christopher Pizaridez, winners of 2010’s Nobel Prize in Economics, have developed a job seeking theory and developed labor market analysis tools to answer certain questions about the high rate of unemployment in the midst of major recruitment searches, while also analyzing the effect of economic policies on the unemployed.

Theory of Lion’s Roaring and A Resolution on Baht Appreciation

The current value of the Thai baht has appreciated steadily. Baht appreciation to many people, especially exporters concern that if the government and the Bank of Thailand (BOT) do not yet manage the problem promptly, baht currency will be appreciated to 29 baht per U.S. dollar and may cause crisis in the Thai industry.

Diplomacy on the Energy Issue

Thailand has been facing continuous risks due to the energy issue. Sharp rises in world market oil price have particular impacted the country due to the increase in energy demand as the world economy recovers. Moreover, Thailand is also sensitive to the problem of future energy insecurity, having such problems as an energy consumption structure that mostly relies on imported energy from foreign countries, especially the import of crude oil which is about 95 percent of oil consumption in the country. Inefficient energy usage in the transportation sector and the manufacturing sector, plus energy business monopolies causes distortion in the use and allocation of energy. Challenges also arise from severe environmental problems related to investment and the expansion of the energy business.

The Return of Industrial Policies to Developed Countries

The policy direction of the world’s leading economic giants is now clear. USA’s President Obama recently announced strategic decision-making and large budget for innovative industries, for instance, renewable energy, high speed trains and high tech vehicles. The Japanese Prime Minister wants a new “Japanese company,” to increase business and state inter-connections. The European Union’s industrial policy emphasizes manufacturing sectors more and service and knowledge sectors less.

A Lower-Carbon Economy: The Direction of World Investment in the Future

Reading through the July 2010 edition of the World Investment Report, I found one useful point to have substance, and worth my comment on it.

Expectations for the New BOT Governor

On 1st October 2010, Dr Prasarn Trairatvorakul will replace imminent retiree, Dr Tarisa Wattanaket to become Thailand’s new Bank of Thailand Governor.

Economic and Social Reformation to Overcome Political Crisis

In June 2010, Capital Market Academy (CMA) hosted a seminar on the topic of, “Thailand Turning Point: Economic and Social Reformation Strategies to Overcome Political Crisis.” I was called to moderate this CMA seminar event between student representatives from CMA’s 1st – 10th Class Top Executive Programme, who were all there to express their views.