Thailands Economic Dilemmas In Post Pandemic Asia

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Thailand’s Economic Dilemmas in Post-Pandemic Asia

Author : Richard Yarrow
Publisher : ISEAS-Yusof Ishak Institute
ISBN 13 : 9815011790
Total Pages : 59 pages
Book Rating : 4.8/5 (15 download)

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Book Synopsis Thailand’s Economic Dilemmas in Post-Pandemic Asia by : Richard Yarrow

Download or read book Thailand’s Economic Dilemmas in Post-Pandemic Asia written by Richard Yarrow and published by ISEAS-Yusof Ishak Institute. This book was released on 2022-09-30 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Thailand’s health system has fared relatively well through the COVID-19 pandemic, the country’s economy faced significant strains and likely a harsher downturn than other economies in Southeast Asia. In particular, the services sector—heavily reliant on international tourism—suffered, and debt levels worsened substantially during the pandemic. Thailand’s economy has steadily recovered following the peak of the pandemic in 2020, with greater optimism coming from the growing trade in goods and growing investments from China and Japan. The tourism sector has also steadily regained strength since the worst points of the pandemic. Despite these recent positive turns, Thailand still faces daunting long-term economic and societal challenges, many of which were exacerbated by the COVID-19 pandemic. Household finances appear increasingly stressed and debt levels have risen sharply across the economy. It is unlikely that Thailand will be able to return its tourism industry to 2019 conditions for the next several years. Meanwhile, deteriorating demographics and education enrolments pose serious threats to long-term macroeconomic prospects. Thailand’s population of young people is falling, but the country appears to lack momentum in elevating enrolment rates and improving the quality in secondary and tertiary education. The agriculture sector remains large, with some crop diversification but with limited gains in productivity, in the face of rising competition—for instance, from India and Vietnam. Policymakers may aim to revitalize Thailand’s economic prospects with policies aimed, for instance, at enhancing agricultural productivity, combining and internationalizing higher education institutions, easing restrictions on foreign investments, and promoting greater competition by smaller enterprises against large conglomerates, in addition to efforts to improve on transparency and stability, and reduce corruption, within Thailand’s political system.

Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal

Author : Hooi Hooi Lean
Publisher : World Scientific
ISBN 13 : 9811228485
Total Pages : 283 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal by : Hooi Hooi Lean

Download or read book Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal written by Hooi Hooi Lean and published by World Scientific. This book was released on 2022-05-09 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The novel coronavirus (COVID-19) pandemic was reported in China in December 2019, and later spread to other parts of the world. Countries in Southeast Asia were some of the first nations affected by the pandemic due to their geographical proximities and trade relations with China. In January 2020, the virus spread to some countries within the Association of Southeast Asian Nations (ASEAN). The number of confirmed cases kept increasing within ASEAN and other countries of the world. Consequently, countries in ASEAN introduced preventive and containment measures to cope with the pandemic, which include quarantines, lockdowns, restrictions of movements and large gatherings, as well as school and business closures.Beyond the efforts of preventing and containing the spread of the virus, ASEAN's most significant challenges are the social and economic crisis of historic proportions that are beginning to unfold. COVID-19 pandemic has brought interruptions in all sectors of ASEAN economies. It is, therefore, imperative to assess the extent to which the pandemic has impacted the social and economic aspects of the region. This book intends to highlight the social and economic impacts of the COVID-19 pandemic in ASEAN and suggest ways on how to mitigate them. It covers how the shocks from COVID-19 have impacted production, supply chains, demand, commodity prices, consumer behaviour, financial markets, employment, services, transportation and community, and the various policies that ASEAN authorities should put in place to mitigate the effects of the pandemic.

COVID-19 in Southeast Asia

Author : Hyun Bang Shin
Publisher : LSE Press
ISBN 13 : 1909890774
Total Pages : 342 pages
Book Rating : 4.9/5 (98 download)

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Book Synopsis COVID-19 in Southeast Asia by : Hyun Bang Shin

Download or read book COVID-19 in Southeast Asia written by Hyun Bang Shin and published by LSE Press. This book was released on 2022-01-06 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 has presented huge challenges to governments, businesses, civil societies, and people from all walks of life, but its impact has been highly variegated, affecting society in multiple negative ways, with uneven geographical and socioeconomic patterns. The crisis revealed existing contradictions and inequalities in society, compelling us to question what it means to return to “normal” and what insights can be gleaned from Southeast Asia for thinking about a post-pandemic world. In this regard, this edited volume collects the informed views of an ensemble of social scientists – area studies, development studies, and legal scholars; anthropologists, architects, economists, geographers, planners, sociologists, and urbanists; representing academic institutions, activist and charitable organisations, policy and research institutes, and areas of professional practice – who recognise the necessity of critical commentary and engaged scholarship. These contributions represent a wide-ranging set of views, collectively producing a compilation of reflections on the following three themes in particular: (1) Urbanisation, digital infrastructures, economies, and the environment; (2) Migrants, (im)mobilities, and borders; and (3) Collective action, communities, and mutual action. Overall, this edited volume first aims to speak from a situated position in relevant debates to challenge knowledge about the pandemic that has assigned selective and inequitable visibility to issues, people, or places, or which through its inferential or interpretive capacity has worked to set social expectations or assign validity to certain interventions with a bearing on the pandemic’s course and the future it has foretold. Second, it aims to advance or renew understandings of social challenges, risks, or inequities that were already in place, and which, without further or better action, are to be features of our “post-pandemic world” as well. This volume also contributes to the ongoing efforts to de-centre and decolonise knowledge production. It endeavours to help secure a place within these debates for a region that was among the first outside of East Asia to be forced to contend with COVID-19 in a substantial way and which has evinced a marked and instructive diversity and dynamism in its fortunes.

Supporting Post-COVID-19 Economic Recovery in Southeast Asia

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292695037
Total Pages : 150 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Supporting Post-COVID-19 Economic Recovery in Southeast Asia by : Asian Development Bank

Download or read book Supporting Post-COVID-19 Economic Recovery in Southeast Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-05-01 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report identifies well-established sectors needing transformation or improvement (tourism, agro-processing, and garments), along with evolving sectors with high potential for growth (electronics and digital trade) as Southeast Asian countries hammer out policies to boost post-COVID-19 recovery and secure a greener future. The first in a four-part series, the report looks at the pandemic’s impact on these five sectors across Cambodia, Indonesia, Myanmar, the Philippines and Thailand. It identifies reforms and strategies to help core industries recover and grow over the medium term. This report underscores how deepening regional cooperation can help policy makers boost their countries’ COVID-19 recovery and build more resilient economies and societies.

Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 : 1513573020
Total Pages : 104 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand by : International Monetary

Download or read book Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-03 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.

Navigating COVID-19 in Asia and the Pacific

Author : Bambang Susantono
Publisher : Asian Development Bank
ISBN 13 : 9292623567
Total Pages : 324 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Navigating COVID-19 in Asia and the Pacific by : Bambang Susantono

Download or read book Navigating COVID-19 in Asia and the Pacific written by Bambang Susantono and published by Asian Development Bank. This book was released on 2020-09-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Coronavirus disease (COVID-19) has unleashed unparalleled challenges. At the same time, it offers a window to rethink Asia’s most fundamental development policies and strategies to address inequality, socioeconomic vulnerability, and environmental challenges. This publication gathers blogs and short policy pieces contributed by ADB staff and experts in an attempt to tackle immediate challenges and prepare for what may lie beyond the horizon. It covers a broad range of development challenges and highlights the crucial role of rapid adoption of digital technologies, adequate supply of quality infrastructure, disaster risk management, and strengthening regional cooperation for a resilient and sustainable future by shaping post-pandemic conditions.

Labor Migration in Asia

Author :
Publisher :
ISBN 13 : 9784899740919
Total Pages : 121 pages
Book Rating : 4.7/5 (49 download)

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Book Synopsis Labor Migration in Asia by :

Download or read book Labor Migration in Asia written by and published by . This book was released on 2018 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292623818
Total Pages : 147 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia by : Asian Development Bank

Download or read book Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-10-01 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic has seen governments across developing Asia move significant amounts of capital into relief efforts that have saved countless lives and livelihoods. But emerging economic recovery packages must not upset the sensitive balance between economic growth and the region’s natural capital. Many global thinkers are advocating the critical role of green infrastructure in supporting economic growth and livelihoods, while safeguarding the Paris Agreement targets. This publication examines green and innovative finance mechanisms that can be incorporated into government recovery strategies to incentivize green infrastructure investment. These mechanisms can play a key role in catalyzing much-needed funds from private capital for a green and sustainable regional recovery.

Policy Advice to Asia in the COVID-19 Era

Author : Changyong Rhee
Publisher : International Monetary Fund
ISBN 13 : 1513566598
Total Pages : 105 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Policy Advice to Asia in the COVID-19 Era by : Changyong Rhee

Download or read book Policy Advice to Asia in the COVID-19 Era written by Changyong Rhee and published by International Monetary Fund. This book was released on 2021-03-05 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.

Asian Development Outlook 2020 Update

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292623621
Total Pages : 415 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Asian Development Outlook 2020 Update by : Asian Development Bank

Download or read book Asian Development Outlook 2020 Update written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-09-01 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Asia has suffered as the COVID-19 pandemic persists. Growth, trade, and tourism collapsed in 2020, leading to the region’s first economic contraction in nearly 6 decades. Governments across Asia acted quickly to contain the virus and its economic effects, and signs of bottoming out have now appeared. Inflation remains benign, constrained by depressed demand and declining food prices. A prolonged pandemic is the primary downside risk to the outlook. Persistent or renewed outbreaks and a return to stringent containment could possibly derail the recovery and trigger financial turmoil. Recovery depends on measures to address the health crisis and on continued policy support. The pandemic has highlighted the importance of wellness, both physical and mental. Wellness—the pursuit of holistic health and well-being—is a component of the UN’s Sustainable Development Goals. This report evaluates the state of wellness in Asia, documents how the wellness economy is a large and growing part of the region’s economy, and discusses how policy makers can promote wellness by creating healthy living environments, encouraging physical activity and healthy diets, and enhancing workplace wellness.

The Economics of Belonging

Author : Martin Sandbu
Publisher : Princeton University Press
ISBN 13 : 0691204527
Total Pages : 296 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Economics of Belonging by : Martin Sandbu

Download or read book The Economics of Belonging written by Martin Sandbu and published by Princeton University Press. This book was released on 2020-06-16 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a proposal for a short book (of around 50,000 words) that speaks directly to the state we are in. The populist insurgency on both sides of the Atlantic and in Europe has deep roots in decades of mismanagement of economic and cultural change and as a result there are large groups of people who feel they no longer belong to the societies they live in, the disinfranchised, the left behind. The appeal of the anti-liberal populists who have emerged is that they convince those who feel left behind that national leaders are no longer working in their interests hence the rhetoric of 'putting America first' and 'making America great again' or the Brexiteers claining that they are 'taking back control.' In undemocractic regimes elsewhere populists play on people's feelings of insecurity in an unpredictable and fast changing world, promising security and order in exchange for democratic freedom. Liberal openness has been put on the defensive so it is up to us, electorates, politicians and policy makers, to show how an open and liberal economic system can once again belong to everyone. In the second part of the book Martin Sandbu outlines four key areas of economic policy that he believes will address not just the symptoms but the underlying causes of the current inequality which has led to so many people, especially the young and the most vulnerable being left behind. These include productivity, regional development, improved access to business finance for SMEs, and increaed representation for workers. He makes a number of other recommendaitons regarding housing, education for all, universal basic income and taxation. He concludes by saying that while these proposals add up to a radical package in total they are necessary reforms to ensure a sense of belonging and without them we could be opening the door to a radicalism which is both illiberal and undemocratic"--

Asian Development Outlook 2020

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292621564
Total Pages : 737 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Asian Development Outlook 2020 by : Asian Development Bank

Download or read book Asian Development Outlook 2020 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-04-01 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.

Tourism in the Post-Pandemic World

Author : Ms.Manuela Goretti
Publisher : International Monetary Fund
ISBN 13 : 1513561901
Total Pages : 115 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Tourism in the Post-Pandemic World by : Ms.Manuela Goretti

Download or read book Tourism in the Post-Pandemic World written by Ms.Manuela Goretti and published by International Monetary Fund. This book was released on 2021-02-19 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This departmental paper analyzes the impact of the COVID-19 pandemic on tourism in the Asia Pacific region, Latin America, and Caribbean countries. Many tourism dependent economies in these regions, including small states in the Pacific and the Caribbean, entered the pandemic with limited fiscal space, inadequate external buffers, and foreign exchange revenues extremely concentrated in tourism. The empirical analysis leverages on an augmented gravity model to draw lessons from past epidemics and finds that the impact of infectious diseases on tourism flows is much greater in developing countries than in advanced economies.

Sustainable Tourism After COVID-19

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292692577
Total Pages : 149 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Sustainable Tourism After COVID-19 by : Asian Development Bank

Download or read book Sustainable Tourism After COVID-19 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: The coronavirus disease (COVID-19) pandemic has devastated tourism in Asia and the Pacific, exposing the region’s dependence on the sector. This publication examines the prepandemic tourism system, the impacts of COVID-19, and how tourism in the region might be reset to contribute more effectively to the Sustainable Development Goals. It highlights six pathways for promoting systemic change in the sector: a value-driven approach, decarbonization, tourism-led regeneration, improved governance, and sustainable finance. It provides concrete recommendations on how policymakers and industry stakeholders can leverage tourism to foster sustainable development and a green recovery in Asia and the Pacific.

"Old" and "New" Chinese Business in Cambodia’s Capital

Author : Michiel Verver
Publisher : ISEAS-Yusof Ishak Institute
ISBN 13 : 9814881414
Total Pages : 44 pages
Book Rating : 4.8/5 (148 download)

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Book Synopsis "Old" and "New" Chinese Business in Cambodia’s Capital by : Michiel Verver

Download or read book "Old" and "New" Chinese Business in Cambodia’s Capital written by Michiel Verver and published by ISEAS-Yusof Ishak Institute. This book was released on 2020-01-06 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s influence over economic and political affairs in Cambodia is undisputed. It is the biggest investor in Cambodia, adding nearly US$5.3 billion between 2013 and 2017, especially into real estate development, the garment industry and the tourism sector. For Phnom Penh’s SMEs, “new” Chinese migrants are an increasingly important clientele, and raw materials, machinery, consumer goods and capital from Greater China have been vital resources. At the same time, they face competition from entrepreneurs from China entering the Cambodian market. For Cambodia’s elite entrepreneurs, known as oknha, China is an export destination for Cambodian timber and cash crops, and “new” Chinese investments provide business opportunities in the form of construction contracts and joint ventures in real estate and tourism development, industrial parks or the energy sector. Recent Chinese investments and migrants have reinforced Cambodia’s established politico-economic order, which is characterized by ethnic Chinese economic dominance as well as a divide between the business-state elite and the general population.

China and the World in a Changing Context

Author : Huiyao Wang
Publisher : Springer Nature
ISBN 13 : 9811680868
Total Pages : 226 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis China and the World in a Changing Context by : Huiyao Wang

Download or read book China and the World in a Changing Context written by Huiyao Wang and published by Springer Nature. This book was released on 2022-03-05 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY-NC-ND license. Ambassadors are a kind of vehicle and bellwether for globalization. These diplomatic envoys serve as pivotal contact points between nations across a wide range of fields, from economics and culture to health and the environment. The special group of ambassadors in this book – those based in Beijing – are at the forefront of what for many countries is one of their most important bilateral relationships, as well one of the most striking and consequential aspects of global affairs in the 21st century: the rise of China on the world stage. This book aims to present an overview of China and the world from diverse angles. It brings together essays by ambassadors to China on a range of bilateral and multilateral issues, including trade and investment, regional economic cooperation, sustainable development, technology and innovation, and entrepreneurship. Given their familiarity with China and extensive international experience, the insights of these ambassadors are useful for policymakers, academics, entrepreneurs, students, and anyone trying to make sense of our rapidly changing world.

COVID-19 and Emerging Markets

Author : Cem Çakmaklı
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (117 download)

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Book Synopsis COVID-19 and Emerging Markets by : Cem Çakmaklı

Download or read book COVID-19 and Emerging Markets written by Cem Çakmaklı and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: We quantify the macroeconomic effects of COVID-19 for a small open economy by calibrating a SIR-multi-sector-macro model to Turkey. Sectoral supply shocks are based on the proximity requirements in each sector and the ability to work from home. Physical proximity determines the supply shock through its effect on infection rates. Sectoral demand shocks incorporate domestic and foreign demand, both of which adjust with infection rates. We calibrate demand shocks during COVID-19 using real-time credit card purchase data. Our results show that the optimal policy, which yields the lowest economic cost and saves the maximum number of lives, can be achieved under a full lockdown of 39 days. Economic costs are much larger for an open economy as the shocks are amplified through the international production network. A decline in foreign demand leads to losses in domestic sectors through international input-output linkages, accounting for a third of the total output loss. In addition, the reduction in capital flows deprives the network from its trade financing needs, where sectors with larger external finance needs experience larger losses. The policy options are limited given sparse fiscal resources to fight the pandemic domestically, while serving the external debt. We present historical evidence from 2001 crisis of Turkey, when fiscal, monetary and exchange rate policies were employed altogether to deal with a triple crisis of balance of payments, banking, and sovereign debt