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Although the financial sector was the epicentre of Thailand's economic crisis in 1997, the corporate sector, small-scale manufacturers, wage earners, and other vulnerable groups also felt the effects. There was a widespread loss of confidence that threatened to undo the prosperity of several decades of hard work. This book provides and analysis of the crisis and the struggle to find a solution, examining the key events and the resulting policy measures.
In 'At the Frontlines of Development' former World Bank country directors recount their experiences, both as managers of the World Bank's programs in global economic hotspots of the 1990s as well as throughout their careers in development economics. These essays detail, among many stories of development in the 1990s, how China and India lifted hundreds of millions out of poverty, while Russia collapsed; how Bosnia and Herzegovina and Mozambique remade their war-ravaged economies; and how Thailand, Turkey, and Argentina fell into financial crisis. These remarkable stories, told in first-person by the country directors who were there to witness them, provide candid assessments of development in the 1990s'what succeeded, what failed, and what lessons emerged. This book is part of a larger effort undertaken by the World Bank to understand the development experience of the 1990s, an extraordinary eventful decade. Each of the project's three volumes serves a different purpose. 'Economic Growth in the 1990s' provides comprehensive analysis of the decade's development experience, while 'Development Challenges in the 1990s' offers insights on the practical concerns faced by policymakers.
An urgent call for reassessment of policies supporting very large infrastructure projects in developing countries. This case study examines the planning, implementation, and unexpected outcomes--for both the local people and the environment--of one of the largest dams in Southeast Asia, which the World Bank promoted as a new model of sustainable development.
This book succinctly describes how a large hydro dam in a poor country with weak capacity was successfully prepared by a truly global development and financial partnership, by turning the natural resource curse on its head and tapping the state of the art to mitigate environmental and social impacts.
This book provides a comprehensive overview of what Asian industrial clusters might teach us. At a time when the dynamics of the world's economy are increasingly being influenced by developments in Asia, the question takes on particular relevance because of the explosion of clusters and cluster policies throughout the region; and because of the great variety of models which can be seen developing in the various countries.Based on robust empirical surveys and interviews conducted in China, Vietnam, Thailand, Malaysia and Japan, the studies collected in this book were first debated at an international workshop in Lyon. From industrial districts to poles of competitiveness, these studies explor...
Throughout its history, Thailand has shown remarkable resiliency, adaptability, and creativity in responding to serious threats and crises, and this since much earlier times when it was known as Siam. This book, while focusing on the modern period, does reach back to ancient kingdoms but also shows the impressive rise to a modern democracy, although still endowed with a king, and even more impressively, an economic “tiger.” Moreover, it has become a prime tourist destination and is thus known to vast numbers of foreigners as a sort of “instant Asia.” The Historical Dictionary of Thailand, now in its third edition, covers this amazing story in various ways. First, the chronology trace...
Public-Private Partnerships (PPPs) have increasingly emerged as a valuable mechanism for drawing in investment and expertise from the private sector to meet public infrastructure needs. PPPs involving transboundary international waters require particular attention given their huge potential for social and environmental impact. Transboundary Waters, Infrastructure Development and Public Private Partnership examines what PPPs are and how they function in the context of transboundary waters. It explains how environmental and social "safeguards” operate in relation to PPPs and transboundary waters in light of the Nam Theun 2 and the Xayaburi Hydroelectric Power projects in Laos PDR. Finally, it draws important lessons from their contractual arrangements, costs, financing and risk mitigation that are relevant to PPPs in other transboundary waters matters.
Karen Coates and Jerry Redfern spent more than seven years traveling in Laos, talking to farmers, scrap-metal hunters, people who make and use tools from UXO, people who hunt for death beneath the earth and render it harmless. With their words and photographs, they reveal the beauty of Laos, the strength of Laotians, and the commitment of bomb-disposal teams. People take precedence in this account, which is deeply personal without ever becoming a polemic.
This book examines China’s relations with its weak peripheral states through the theoretical lens of structural power and structural violence. China’s foreign policy concepts toward its weak neighbouring states, such as the ‘One Belt, One Road’ strategy, are premised on the assumption that economic exchange and a commitment to common development are the most effective means of ensuring stability on its borders. This book, however, argues that China’s overreliance on economic exchange as the basis for its bilateral relations contains inherently self-defeating qualities that have contributed and can further contribute to instability and insecurity within China’s periphery. Unequal ...