ipl-logo

What Is Inequality Affecting Thailand's Economic Growth?

1002 Words5 Pages

A variety of political, social and economic factors is affected directly to the growth and equity of Thailand. The inequality grows as a gap of difference kinds of job. In the past, there were not varied kinds of job as present. Poverty is decreased when unemployment decrease and the income distribution increase. It’s still having an inequality in income because not every job can give the same amount of wage. Higher skilled job or the owner will receive more income. The question was occurring “Is inequality in Thailand a persistent problem that disrupts the country’s economic growth?” In my opinion inequality doesn’t impact much on economic growth, but economic growth is directly impact on inequality. This essay will use the empirical tools to examine income and wealth inequality affected on Thailand’s economic growth in different situation ,first, the economy and the inequality during 1980s ; second, the Asian Financial crisis in 1997; third, how One Tambol One Product project did to the poverty in rural area; fourth, is increase in the daily minimum wage will decrease poverty? and conclusion. During the 1980s, Thailand was developed from agriculture to industrialized economy. …show more content…

At the same time, they tried to reduce the inequality between the rural and urban area by issued One Tambol One Product project (Kaoru el al, 2011). One Tambol One Product (OTOP) is aimed to support local product and to improve its quality. Product’s quality is prepared for export. Exports product will increase the income distribution in rural area and expected the GDP growth. As the result from a part of the project, poverty’s head-counted ratio in rural area has decrease steadily from 26.5 percent in 2000 to 10.4 percent in 2010. It does still have a gap between rural and urban poverty’s head-count ratio until now, but it’s in the small number (see Figure

Show More
Related

  • Food Desert Research Paper

    1442 Words  | 6 Pages

    This initiative brings back much-needed control to communities by promoting local agriculture and providing capital growth to these areas as well.4 Another possible solution in areas that are able to support

    Read More

  • Dbq Essay On Globalization

    526 Words  | 3 Pages

    This trend of increasing inequality is still increasing because some people are still getting richer, which means absolute poverty goes down, but this is often at the expense of people who are “displaced or marginalized.” This is a negative impact because it is slowing down the decrease in poverty

    Read More

  • Ap World History Dbq Industrialization

    1286 Words  | 6 Pages

    Before Industrialization the world functioned off of the Biological Old Regime. Places functioned off of trades and labor that had to be done by hand. This being the case agriculture was the most prevalent and important means of survival and trade for each place around the world, but with agriculture limits were at hand at each place on what and how much could grow there. China and India became increasing powerful doing this time. China developed a rich powerful economy from trading its silk and India developed the same for its trades in its spices.

    Read More

  • One Child Policy Dbq

    769 Words  | 4 Pages

    However, humans have achieved a level that was never previously before known. Some countries have been able to reduce a high population without the One Child Policy (Doc B). However, even though these countries have been able to drop their population, these countries still have an extremely high poverty rate. In China the amount of people in poverty is 13.1%. Even though this is a high poverty rate the poverty line in South Korea is 15% (World Bank).

    Read More

  • Summary Of Rent Seeking And The Making Of An Unequal Society

    1061 Words  | 5 Pages

    The root of the inequality issue lies in the government policies, as they hold the power to determine where the money lies on the spectrum of the rich, middle class and the poor. Normally, when an economy is suffering, employment as well as wages adjust accordingly and sales as well as profits suffer as well. However, because of this inequality employment rates and wages actually suffer while the sales profit. Political forces, as much as economic ones are what leads to inequality. As the government controls the distribution of sources as well the distribution of income that comes from a market.

    Read More

  • Powerful Images In Richard Wright's Starving Children

    106 Words  | 1 Pages

    Since the book’s publication in 2004, the above statistics have no doubt changed. Whether they have changed for the worse or the better, I cannot say. However, Wright’s mention of helpless children, and populations whose basic needs are not being met is very effective. Starving children is a powerful image. People dying from water, another powerful image especially when mentioned with specific statistical numbers.

    Read More

  • Nt1310 Unit 2 Research Paper

    1726 Words  | 7 Pages

    TA: Jesse Drucker Zamarron 1 Jim Zamarron 861071340 10. According to the accounts provided by Hamilton and Biggart (1988), by Biggart (1991), and/or by Saxenian (2011), compare the impact of two or more of the following influences on the economies of one or more East Asian countries: institutions; networks; markets; transaction costs. The Asian Miracle Since WWII, East Asian countries have undergone drastic changes in their economic infrastructure. Even though WWII left this region war torn, countries such as Taiwan and Japan have become an “Asian Miracle” as they rapidly developed despite their predicament.

    Read More

  • Rethinking American Poverty Summary

    316 Words  | 2 Pages

    III. A theory in the work is that political and economic structures failed to provide enough decent opportunities and support to the whole economy. IV. The Author does not present any original research, does use sources to come to conclusions on poverty. The author doesn’t mention the methodology used.

    Read More

  • Effects Of Income Inequality In The United States

    1863 Words  | 8 Pages

    1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.

    Read More

  • Pros And Cons Of Globalization In Colombia

    954 Words  | 4 Pages

    Globalization is the inclusion of the differents values socio-cultural and economic local from one country to another, through their relationships exchanged a series of products and knowledge that extend and increase their ideological and economic situation. Globalization is beneficial for businesses of Colombians. As well as has influenced in areas as the social, economic, cultural, political, technological and educational in our country, globalization has ventured into the business of Colombians to favor or disfavor wholesale sales. Globalization has been a transition process started from the time of conquest and colonization, this exchange of cultural contracted a new market with mobility and trade of products and goods which over time did not stop there, but rather it was intensified and point greater flowed recognition from the

    Read More

  • Causes Of Income Inequality In China

    1890 Words  | 8 Pages

    Rather than reducing social and economic inequality, China’s rapid economic growth magnifies the gap of benefits received by people in different socio-economic groups. As we will see, social and economic inequality are two sides of the same coin and is not solely the product of economic development. In addition to pure market forces, state policies play a significant role in contributing to the high levels of inequality China experiences nowadays. Despite the government’s concern towards inequality, recent interventions are not sufficiently targeted at the main causes of this issue which result in the continuing climb of China’s inequality figure. Nevertheless, contrary to conventional wisdom, the threat of inequality to China’s social and

    Read More

  • Guatemala Pest Analysis

    1014 Words  | 5 Pages

    PESTLE The first factor to look at in a PEST analysis is the political aspect. Political issues vary from country to country. Guatemala is one of the countries that embrace the multiparty system with the framework of presidential representative. The president is both the head of state and the head of government.

    Read More

  • Advantages And Disadvantages Of Import Substitution

    1399 Words  | 6 Pages

    Through improving agriculture, export businesses, science and technology, Korea was able to improve living standards in all aspects and improve equality between citizens in terms of the Human Development Index, Gini coefficient, and Per Capita Income. This insured that the road for development in Korea was the right path to follow through improving all aspects of the economy. Although government intervention might be viewed as an incorrect way to achieve development, Korea and East Asia were able to achieve miracles in development in both impact and speed of achieving these growth rates. Since South Korea was able to replicate the Japanese model for development, with minor adjustments, this means other countries have the opportunity to achieve massive growth rates with further adjustments to be compatible with both their culture and economic

    Read More

  • Positive And Negative Effects Of Globalization In Vietnam

    806 Words  | 4 Pages

    The demand on labor from companies and factories was increased as increasing business. World Bank showed, ‘The GDP growth rate jumped to 11.1 percent from 1994 to 2000(World Bank, 2004:13).’ With the increased GDP, the Vietnamese solved the problems of food and clothing. The Vietnamese economy achieved its highest economic freedom score ever in the 2015 Index (The Heritage Foundation, 2015). However, there

    Read More

  • Disadvantages Of Economic Growth

    1571 Words  | 7 Pages

    INTRODUCTION Economic growth is defined as the increased capacity of an economy to be able to produce goods and services in comparison from one period of time to another. This is figured by the genuine Gross Domestic Product (GDP) and development, and is measured by utilizing genuine terms such as “Balanced Inflation”. These terms help to remove any distorted views on the perceived outcome of inflation on the cost of merchandises produced. Likewise, Economic growth is related to the high expectations in a person’s standard of living. If the standards are high, it wouldn’t be beneficial for the economy as the working class individuals will face a lot of trouble.

    Read More

More about What Is Inequality Affecting Thailand's Economic Growth?

Open Document