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Topic: Thaksinomics

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	Thaksinomics - Wikipedia, the free encyclopedia (Site not responding. Last check: 2007-11-06)
		Thaksinomics is a term used to refer to the economic policies of Thaksin Shinawatra, Prime Minister of Thailand since 2001.
		Supporters of Thaksinomics argue that these policies, implemented in the aftermath of the Asian Financial Crisis, have driven a stable, demand-driven recovery of Thailand's economy, which was previously dependent on exports, making it vulnerable to external shocks.
		In addition, the most prominent advocate of Thaksinomics among international investors, Morgan Stanley economist Daniel Lian, suffered a blow to his credibility in October when the nature of his close, personal relationship with Thaksin was revealed in a letter that was leaked to Thai Day, an English-language newspaper in Bangkok.
	en.wikipedia.org /wiki/Thaksinomics (918 words)

	CCC - Thailand's Thaksinomics: A New Asian Paradigm?
		One of the key elements in Thaksinomics is the focus on poverty alleviation, especially in rural areas.
		Thaksinomics singles out SMEs because of their potential to adjust to fast changing conditions, to reach certain market niches more rapidly than bigger companies and to innovate in terms of products and process.
		Thaksinomics is off to a very promising start in reorienting the Thai economy to the new challenges brought on by the rise of China and diminishing returns associated with the pre-1997 EAEM model of growth.
	www.ccc.nps.navy.mil /si/dec03/eastAsia.asp (5260 words)

	Thailand official news and information (Site not responding. Last check: 2007-11-06)
		The Prime Minister had explained that Thaksinomics is a “dual-track policy,” a social and economic citizen-centered policy.
		Anuj, among the phenomena caused by Thaksinomics is that the Government has received a majority of the seats in Parliament and the Opposition will not be able to mount a censure motion against the Prime Minister.
		In addition, the Thaksinomics policy has enabled Thailand to play a prominent role in the world arena, instead of staying behind the superpowers, as in the past.
	thailand.prd.go.th /the_inside_view.php?id=651 (593 words)

	Bangkok's Independent Newspaper (Site not responding. Last check: 2007-11-06)
		With the first chapter of the Golden Age of Thaksinomics about to come to a close, it is clear who the winners and losers are in the game of economic populism.
		Thaksinomics has pumped more than Bt100 billion a year into the pockets of the grassroots people through a variety of populist programmes, allowing them to go out and spend money.
		Yet Thaksinomics looks unperturbed with this rise as it continues to fire fiscal stimulus packages into the economy, even in the face of this cycle of economic recovery.
	www.nationmultimedia.com /search/page.arcview.php?clid=11&id=110126&usrsess= (780 words)

	Thaksinomics Encyclopedia (Site not responding. Last check: 2007-11-06)
		Thaksinomics, is a term used to refer to the economic policies of Thaksin Shinawatra, Prme Minister of Thailand since 2001.
		In addition, the most prominent advocate of Thaksinomics among international investors, Morgan Stanley's Daniel Lian, suffered a blow to his credibility in October when the nature of his close, personal relationship with Thaksin was revealed in a letter that was leaked to Thai Day, an English-language newspaper in Bangkok.
		His supporters claim that these economic policies, dubbed Thaksinomics, are responsible for bringing about Thailand's economic recovery from the 1997 Asian Financial Crisis.
	kahvi.en.ogarnij.info /en/Thaksinomics (8611 words)

	[No title]
		Thanks to "Thaksinomics", his nationalistic brand of economic management, the country that triggered the Asian financial crisis in 1997 is now growing at a rate second only to China's.
		In spite of all the good news from Thailand in the last two years, the country's non-performing loans in fact rose slightly in the first half of this year to 17 per cent of the total - and stood at double that figure if bad loans farmed out to asset management companies are included.
		Thaksinomics is certainly popular but has not yet proved itself to be sustainable.
	courses.wcupa.edu /rbove/eco343/030Compecon/Tigers/Thailand/031010thaksin.txt (599 words)

	Thaksinomics - Thaksinomics News (Site not responding. Last check: 2007-11-06)
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	infonetseek.blogiston.com /Thailand/Thaksinomics (784 words)

	Thaksinomics spending revival in cards - (United Press International) (Site not responding. Last check: 2007-11-06)
		Wong Chee Seng, economist at DBS bank is also predicting a revival of Thaksinomic spending.
		Thaksinomic was the word coined to describe Prime Minister Thaksin Shinawatra's economic policies when he took over in 2001 with his Thai Rak Thai party.
		Wong points that higher fiscal spending to pump-prime the economy was to be expected given the current economic cycle, and pointed to similar moves already initiated by the South Korean government.
	www.washtimes.com /upi-breaking/20040908-063420-9802r.htm (824 words)

	BONOBO LAND: Thailand's Second Track Gambit
		Thailand is using this year's meeting of 21 Asia-Pacific Economic Cooperation nations as a coming-out party for ``Thaksinomics.'' Here in Bangkok, a DVD touting its merits is being passed out.
		Yet Thaksinomics could have a dark side that leaders should consider before jumping to adopt it: debt.
		Yet Thaksinomics may be little more than old-fashioned pump priming dressed as something new and revolutionary.
	bonoboathome.blogspot.com /2003/10/thailands-second-track-gambit.html (755 words)

	Fixing What's Not Broken - Forbes.com (Site not responding. Last check: 2007-11-06)
		Thaksinomics, the brainchild of Prime Minister Thaksin of Thailand, was born after he took office in 2001.
		As explained by Thaksin when he first took office, Thaksinomics is meant to move Thailand away from a perceived dependency on exports, a supposed bitter lesson learned in the aftermath of the 1997 crisis.
		Thaksinomics may not be all for naught, however.
	www.forbes.com /home/columnists/global/2005/1128/028A.html (973 words)

	TIME Asia Print Page: The Common Touch -- February 7, 2005 Vol. 165, No. 5 (Site not responding. Last check: 2007-11-06)
		Thaksin's economic policies, known as Thaksinomics, are key to his electoral appeal.
		Thaksinomics offered a solution: strengthen the rural sector and uplift the poor to develop a strong domestic economy, so that the country would be less dependent upon exports and less vulnerable to external economic forces such as the buying power of the overstretched American consumer.
		No program is as emblematic of Thaksinomics as the Village Fund, which has provided the rural poor with the money to invest in everything from workshops to rice paddies.
	www.time.com /time/asia/magazine/printout/0,13675,501050207-1022661,00.html (2375 words)

	Inter Press Service News Agency
		On top of this is a slowing economy, currently estimated to grow by four percent this year, according to available reports, than the 6.1 percent economic growth this country achieved in 2004.
		For many analysts, the need of the hour is caution and not the ‘'populist policies'' that have been the hallmark of Thaksinomics, such as financial packages to sections of the public to have more money to spend.
		While such moves suggest that Thaksin still has faith in his consumer-driven policies of ‘Thaksinomics,' leading analysts say it is the wrong prescription.
	www.ipsnews.net /africa/sendnews.asp?idnews=29477 (778 words)

	Observer - Hua Hin, Cha-am and Paknampran
		Thaksinomics has transformed Thailand from a moribund, directionless, depressed-psychologically and financially-economy into the most vibrant country in Asean.
		Thaksinomics has as a cornerstone of its approach the de Soto principle: legitimize the informal economy and not only do you enliven dead capital through granting property right and then allowing these to be used as collateral in the banking syatem but you increase the tax base.
		But this new policy initiative exemplifies Thaksinomics at work: first, cutting through the bureaucratic tangle that has been a defining characteristic of Thailand for decades and, second, empowering the individual.
	www.observergroup.net /ob97back/thismonth.htm (5120 words)

	Manila Standard: The Future is Ours (Site not responding. Last check: 2007-11-06)
		President Gloria Macapagal Arroyo declared herself “an unabashed disciple” of Thaksinomics during a meeting with Thai Prime Minister Thaksin Shinawatra yesterday.
		Speaking before businessmen during a state luncheon at the Malacañang State Dining Room, the Thai premier returned the compliment paid by the President to Thailand’s economic and social policies, which Ms.
		Thaksin said he was touched by the Chief Executive’s words and admitted he admired her for her strong leadership skills and courage, particularly during the July 27 mutiny.
	www.manilastandardonline.com /mnlastd?page=news02_sept09_2003 (475 words)

	[No title]
		Now, Thailand's economy is accelerating, unemployment is falling and "Thaksinomics" appears to be a success.
		His nationalist rhetoric is, analysts say, part of an effort to publicize the success of Thaksinomics to raise his already high popularity before his "Thais Love Thais" party goes back to the campaign trail.
		But economists say Thaksinomics is hardly groundbreaking: any student of classical economics knows that governments can alleviate a downturn by opening the purse strings.
	courses.wcupa.edu /rbove/eco343/030Compecon/Tigers/Thailand/031023economy.txt (1331 words)

	Amitai Etzioni Notes: Defining Down Democracy . . . (Site not responding. Last check: 2007-11-06)
		Thaksin's use of tax and lending authority to funnel money directly to consumers is another novelty for Asia, where leaders traditionally urged individuals to work hard and save to create pools of capital for industrial development, not personal consumption.
		Thaksinomics 'is not a miracle,' says a Western banker in Bangkok.
		Thaksinomics began as a campaign vow to free local industry from the whims of global markets, and led to a watershed victory in January 2001 elections.
	www.amitai-notes.com /blog/archives/000425.html (1822 words)

	THAI PM: RP ECONOMIC TURNAROUND POSSIBLE (Site not responding. Last check: 2007-11-06)
		In brief remarks after she formally welcomed the Thai leader to Malacañang, the President, an economist, said she admired him for his successful implementation of "Thaksinomics" that pushed Thailand’s economy forward.
		The President said "Thaksinomics," a term she coined to refer to the Thai prime minister’s economic policies, inspired her to adopt a Philippine version of the program she dubbed "one town-one product-P1 million" to promote small and medium enterprises all over the country.
		He said he was "flattered" but "embarrassed" with the honor of being called the chief proponent of "Thaksinomics" in that international gathering.
	www.newsflash.org /2003/05/hl/hl018760.htm (1392 words)

	Thaksinomics 'not a driver of growth' (Site not responding. Last check: 2007-11-06)
		The four economists presented their assessment of "Thaksinomics" during a press conference at the Thai Journalists' Association.
		Somchai said the government may blame the lower growth rate on the tsunami for having an adverse affect on the tourism industry, but any real impact was small, shaving only 0.35 per cent off of last year's GDP.
		Moreover, the dual-track policy, a key part of Thaksinomics, has not done much to promote domestic consumption.
	www.nationmultimedia.com /2006/03/30/business/business_30000503.php (806 words)

	Thailand's 'Thaksinomics' under attack - (United Press International) (Site not responding. Last check: 2007-11-06)
		An important thread is the government's major use of off-balance-sheet financing, which, the book reports, amounted to a some $8 billion in the eighteen months to mid-1993 -- compared with an annual on-budget total of only around $25 billion.
		Baker, in his words at thew book launch, says that this and other aspects of what has come to be known as "Thaksinomics" make the prime minister "very much a captive of the economy".
		Delivering the sort of growth which Thaksin's followers have come to expect and demand will, he judges, become very much more difficult in the next 12 to 18 months.
	www.washtimes.com /upi-breaking/20040810-012128-5254r.htm (1262 words)

	'Thaksinomics' - Sept. 10, 2003
		THE PRIME minister of Thailand, Thaksin Shinawatra, gave President Gloria Macapagal-Arroyo and Filipino businessmen some lessons on how Thailand saved the economy from devastation in the 1997 Asian financial crisis.
		President Macapagal-Arroyo had hoped that Thaksin, in his visit to the Philippines last Monday and Tuesday, would unveil a formula for Thailand's post-1997 economic success, which she has reduced into a catchword, "Thaksinomics." But this does not quite capture the essence of Thailand's impressive economic turnaround.
		The President has cited two elements she has in common with Thaksin -- both launched a war against illegal drugs.
	www.inq7.net /opi/2003/sep/10/opi_amdoronila-1.htm (925 words)

	September 08 2003 (Site not responding. Last check: 2007-11-06)
		But Thaksin said that in their bilateral talks later that day, he found out that President Macapagal-Arroyo was quite series and stressed her sincerity in what she called "Thaksinomics," and invited him to visit the Philippines.
		Speaking at the luncheon meeting, the President said that she is "an unabashed disciple of Thaksinomics," and that the "close rapport" between the two countries provides a "strong impetus behind our constructive bilateral partnership, especially in the fields of trade, agriculture, law enforcement and defense."
		While noting that Thailand’s economic success demonstrates the benefits of liberalized trade, she said that the position of the Philippines and Thailand at the forthcoming meeting of the World Trade Organization in Cancun, Mexico, will be clear and unequivocal.
	www.news.ops.gov.ph /archives2003/sept08.htm (3206 words)

	Thailand: Tsunami carries Thaksin back to power.
		His economic policies, dubbed ”Thaksinomics” are largely given the credit for this.
		With the economy set to slow this year, it may be much harder for Thaksin to deliver on his election pledges this time around.
		For the vast majority of Thais, the effects of ”Thaksinomics” have been quite different from what government propaganda would have us believe.
	www.socialistworld.net /eng/2005/02/10thailand.html (1734 words)

	chouchewei's Xanga Site
		He handed out $25,000 in loans to each of the country's 70,000 villages, extended debt relief to farmers, subsidized crops and rolled out a 30-baht-a-visit (77 cents) medical plan.
		His fans failed to see Thaksinomics for what it really was: Old-fashioned, debt-financed pump priming, dressed up as something new and revolutionary.
		Thaksin's strategy to raise Thai incomes and make the economy less reliant on exports is belied by how quickly millions of his people became heavily indebted -- average household debt rose 53 percent between 2004 and 2001 -- and often seem vulnerable to hard times.
	www.xanga.com /chouchewei (1455 words)

	Thaksinomics - Thailand Forum (Site not responding. Last check: 2007-11-06)
		However, you will see that many of the sources have used the same subjects and ideas as the Economist but the articles are written in more of an unbiased manner.
		On a similar note, if you or anyone you know is willing to translate the pages into Thai millions of Thai people who are kept in the dark simply due to the fact that 99% of the facts are only ever printed in English would be very appreciative.
		Few people have made the effort to pull together the disparate threads of Thaksinomics to present it as a coherent argument or philosophy; but surely that's what it needs, especially as the election draws near.
	www.thaivisa.com /forum/index.php?showtopic=5321&view=old (1389 words)

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