Fixing What's Not Broken

Hedrick-Wong, Yuwa
November 2005
Forbes Asia;11/28/2005, Vol. 1 Issue 8, p28
The article examines the economic impact of Thaksinomics introduced by Thai Prime Minister Thaksin Shinawatra after he took office in 2001. Thaksinomics aims to reduce Thailand's supposed dependency on exports and also tries to redress the imbalance between rural and urban sectors by economic restructuring. Thaksinomics posed risks of misallocating scarce resources and creating market distortion over the longer term. The real reason behind the strong performance of the Thai economy from 2002 to 2004 is the simultaneous growth of domestic demand and exports.


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