World Bank urges risk board

Pathom Sangwongwanich Country hindered by informal sector Thailand’s large informal sector is obstructing employees’ social safety and public services, says the World Bank, which suggests a formalisation process as a solution. Norman Loayza, a World Bank economist and lead author of the bank’s “World Development Report 2014”, said Thailand was hampered by a large informal […]

TDRI voices need for parliamentary budget office

THE NEW government should set up a parliamentary budget office (PBO) to enhance transparency in its spending and forestall more political tensions in the future, according to the Thailand Development Research Institute The lack of clarity in how the government spends its budget, the difference in ideas on how projects should be funded and the […]

Appeal for budget watchdog

New body would fight graft, say academics A Parliamentary Budget Office (PBO) should be established as an independent organisation amid any political reform measures, as the country must plug loopholes that allow corruption, say academics. The organisation could be formed through parliamentary legislation, said Somchai Jitsuchon, research director at the Thailand Research and Development Institute. […]

Panel urges opening of Thailand’s service sector

Nanchanok Wongsamuth Despite the huge economic benefit to be gained, a think tank is warning that Thailand’s hesitance to liberalise its service sector fully will cause economic growth to stall. The Thailand Development Research Institute (TDRI) said the share of industrial products in Thailand’s GDP is the highest in Asia, while the proportion of the […]

Amid clamour for ‘reform’, TDRI elicits practical suggestions to tackle economic, political woes

Erich Parpart Amid the political turmoil and demands for the country’s reform, the Thailand Development Research Institute (TDRI), economists and academics have proposed efficiency, transparency, and good governance in every sector of the country. The aim is to stamp out the country’s chronic economic and political problems in all aspects. In each of the past […]

Steps on budgetary loopholes suggested

Erich Parpart ADDED TRANSPARENCY and contingent liability are needed to serve as extra checks and balances on the government’s off-budget loans to improve the government’s financial and budgetary discipline, according to the Thailand Development Research Institute. “Laws that limit government loans and prohibit the government from spending more than its revenue usually do not work […]

TDRI urges budget audit, transparency

Pathom Sangwongwanich The government should address loopholes in auditing its annual fiscal budget, as they are a source of problems hindering transparency, appropriate budget allocation and financial prudence, say academics. Nipon Poapongsakorn, a distinguished fellow at the Thailand Research Development Institute (TDRI), said the government should submit a budget to carry out its policies for […]

Helping lawmakers hold policies up to the light

Somchai¬†Jitsuchon Perhaps there is no better time than now to address one of the fundamental flaws in the Thai democratic system. We adopted the British parliamentary system although we lacked the strength of civil society to ensure proper separation of power between the executive and legislative branches. This fundamental flaw was indeed what ignited the […]

TDRI proposes govt spending reform to reduce inequality

From left: Worawan Chandoevwit, social security adviser, Somchai Jitsuchon, research director of inclusive development, and Ammar Siamwalla, distinguished scholar, join a press conference yesterday on the TDRI The Thailand Development Research Institute said government involvement was imperative for reducing social inequality, and it proposed structural reform of the public spending process for a fairer redistribution […]

TDRI calls for social welfare

Improving education, tax reforms cited Reform measures aimed at developing social welfare should be enacted to improve the living conditions of the poor and enhance their political participation, say academics. Somchai Jitsuchon, research director at the Thailand Development Research Institute (TDRI), said reforms should consist of developing education, improving human resources, and providing management skills, […]

Beware ‘populist policy trap’

Pathom Sangwongwanich Non-welfare strategy a risk, say economists The government should abandon its nonwelfare populist policies on the grounds that Thailand could fall further into the middle-income trap and face low productivity, says an economist. Addressing social welfare is important as part of economic reform and nonwelfare policies, such as the the first-time car buyer […]

1 2 3