Thaksins government designed its police to appeal to the rural majority, initiating Program s like village-managed microedit development funds, low interest agricultural loans,direct injection of cash into village development funds (the SML SCHEME),infrastructure development,andthe One tambon Products(OTOP) rural small and medium enterprise development program. Thanksins economic policies helped Thailand recover from the 1997 Asian financial crisis and substantially reduce poverty. GDP grew from 4.9 trillion baht in 2001 to 7.1 trillion bath in 2006 Thailand repaid its debts to international monetary Fund two years ahead of schedule,income in the Northeast,the prorest part of the country,rose by 46%from 2001to2006.(64)Nationwide poverty fell from21.3%to11.3%(26)Thailand Gini fell from. 525in2000to4.99in 2004 (risen from1996to2000).(65)the stock exchange of Thailand outperformed other markets in the region. After facing fiscal deficit in 2001 and 2002,Thaksins balanced the national budget producing com for table fiscal surpluses for2003-2005 pespite a massive program of infrastructure investment,a balance budget was projected for 2007.(66)Public Sector debt fell from 57 per cent of GDP in January 2001 to2006(30)Foreign exchange US$30 billion in to US$64 billion in 2006....
Posted on: Sat, 29 Mar 2014 19:01:31 +0000
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