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Essay / Research Paper Abstract
This 3 page paper looks at the economies of Japan and Thailand, with a focus on the latter. The premise of this paper is that the economies have come a long way since the 1980s and 1990s. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: RT13_SA328Tie.rtf
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Unformatted sample text from the term paper:
the current-account deficit had been escalating and corruption still looms large over Thailand at least to some extent. But the detriments of the earlier period are not necessarily what
Thailands future will be and while Japan was also taken down during the Asian economic crisis, things are a bit better now. One question looms large. If there are different
economies in each of the nations of Japan and Thailand, and they each did not fare well in the 1990s, why is their economy better now? It
is a curious question, considering that most western states did better during the 1980s and 1990s than in the twenty-first century. During the fourth quarter of 2002, Japans
economy grew 2.4% and for the entire year, Japans economy grew 0.3 % (Belson C2). Thailand did better than it had fared during the recession too. During the past
five years or so, Thailands bad debts and so forth left banks reluctant to lend money for investment purposes (Asia 67). The government in power previously did accept
the conventional economic wisdom that growth would not resume until both banks and businesses sold their near-worthless assets and written off their losses (67). Most businessmen and bankers would
resist such steps (67). Mr. Thaksin took office early in the twenty-first century and argued that investments that appeared worthless and loans that looked unserviceable would be plausible
once growth picked up again (Asia 67). Since taking office, he became frantically seeking growth and had provided a soft loan of 1m baht to every village in the
country, which is essentially subsidizing the provision of healthcare, and announcing a debt moratorium for farmers (67). State-owned banks were told to lend money more freely, and tax increases
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