The Thailand Economic Monitor consists of two parts. Part 1 reviews recent economic developments, examines the country's macroeconomic outlook, and analyzes the impact of key policy changes.
... Exibir mais + Part 2 focuses on a specific subject with critical implications for Thailand's long-term growth prospects. This edition analyzes the power of financial technology (fintech) to support financial inclusion, a key element of the 20-Year National Strategy.
Exibir menos -
The Thailand Economic Monitor consists of two parts. Part 1 reviews recent economic developments, examines the country's macroeconomic outlook, and analyzes the impact of key policy changes.
... Exibir mais + Part 2 focuses on a specific subject with critical implications for Thailand's long-term growth prospects. This edition analyzes the power of financial technology (fintech) to support financial inclusion, a key element of the 20-Year National Strategy.
Exibir menos -
The country partnership framework (CPF) for Thailand covers the period FY19-22. Guided by the Maximizing Financing for Development (MFD) principles, the CPF will bring to bear the full resources of the WBG to facilitate increased private sector-led development.
... Exibir mais + To this end, the CPF will aim to create markets and increase private sector investment. To help create markets, the WBG will promote competition and innovation, and help open new markets by supporting improvements in Thailand’s business environment. Supporting the development of a stronger enabling environment will help increase private sector investment. Strengthening of fiscal institutions will also help create a more conducive national business environment that crowds in greater commercial financing and maximizes the impact of scarce public resources. The CPF will also support targeted policies and programs for the inclusion of disadvantaged and vulnerable groups, including in the fragile, conflict affected areas of Southern Thailand. The overarching goal of the CPF is to support Thailand’s transformation towards an innovative, inclusive and sustainable economy, which is aligned to the country’s first 20-Year National Strategy (2017-2036), the Royal Thai Government’s 12th NESDP (NESDP 12) as well as the WBG Systematic Country Diagnostic (SCD) – Getting Back on Track. The CPF envisages a partnership with Thailand focused on the provision of IBRD reimbursable and trust-funded Advisory Services and Analytics (ASA) targeting poverty reduction and shared prosperity with an option of IBRD financing based on Government demand, overall performance, as well as global economic/financial developments affecting IBRD’s financing capacity, and demand by other borrowers. The CPF plans to achieve six objectives that together aim at Promoting Resilient and Sustainable Growth, and Strengthening Inclusion. In particular, these objectives are i) to improve Thailand’s competitiveness and ease of doing business; ii) to improve financial and fiscal institutions’ policy implementation; iii) to strengthen the quality of infrastructure investments; iv) to address climate change and improve water resource management; v) to strengthen the social protection and inclusion of vulnerable groups; and vi) to promote quality education for all and talent management.
Exibir menos -
Documento sobre Estratégias de Assistência ao País 125234 MAR 27, 2019
This paper sheds light on key innovation patterns and constraints within a selected set of developing East Asian countries (Cambodia, China, Indonesia, the Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam).
... Exibir mais + It follows a comprehensive approach about national innovation systems while highlighting the supply and demand dimensions of innovation as well as the markets where firms make accumulation decisions for different forms of capital (knowledge capital, human capital. and physical capital). The paper presents a set of empirical exercises drawing from various data sets. The results corroborate the idea of the importance of adopting a broad view of innovation policy and investing in missing complementary factors. Although investment in research and development is key to boost innovation, it is also crucial to have business and regulatory environments that are conducive to overall firm performance and capital accumulation (not only knowledge capital), as they are expected to improve innovation returns. In addition, the results suggest that other innovation inputs aside from research and development matter for innovation activities, such as training for innovative activities, acquisition/licensing of technology, and managerial practices.
Exibir menos -
Documento de trabalho sobre pesquisa de políticas WPS8706 JAN 17, 2019
The outlook for the global economy has darkened amid elevated trade tensions. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening.
... Exibir mais + Global growth is projected to moderate from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 and 2.8 percent in 2020-21, as economic slack dissipates, monetary policy tightens in advanced economies, and global trade gradually slows (World Bank Global Economic Prospects, January 2019). Despite external shocks to trade and tourism, growth of the Thai economy is estimated to have accelerated to 4.1 percent in 2018. The economy proved to be resilient in the face of strong global headwinds due to strengthening domestic demand stemming from an upswing in private consumption and private investment. Domestic consumption expanded by 5 percent in 2018Q3, posting the highest growth rate in 22 quarters in a low-inflation environment and record-low unemployment. In addition, private investment grew by 3.9 percent in the third quarter supported by increased spending on construction, machinery and equipment. Strong domestic demand offset partially adverse global factors—the China-US trade dispute—as well as domestic and idiosyncratic factors—such as the Phuket boat tragedy and the high-base effect of gold exports. The Thai economy also owed its resiliency to strong and stable macroeconomic fundamentals.
Exibir menos -
The outlook for the global economy has darkened amid elevated trade tensions. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening.
... Exibir mais + Global growth is projected to moderate from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 and 2.8 percent in 2020-21, as economic slack dissipates, monetary policy tightens in advanced economies, and global trade gradually slows (World Bank Global Economic Prospects, January 2019). Despite external shocks to trade and tourism, growth of the Thai economy is estimated to have accelerated to 4.1 percent in 2018. The economy proved to be resilient in the face of strong global headwinds due to strengthening domestic demand stemming from an upswing in private consumption and private investment. Domestic consumption expanded by 5 percent in 2018Q3, posting the highest growth rate in 22 quarters in a low-inflation environment and record-low unemployment. In addition, private investment grew by 3.9 percent in the third quarter supported by increased spending on construction, machinery and equipment. Strong domestic demand offset partially adverse global factors—the China-US trade dispute—as well as domestic and idiosyncratic factors—such as the Phuket boat tragedy and the high-base effect of gold exports. The Thai economy also owed its resiliency to strong and stable macroeconomic fundamentals.
Exibir menos -
The objective of the HCFC Phaseout Project (Phase One) is to reduce HCFC consumption in the air-conditioning and foam sectors to contribute to Thailand’s efforts to meet its HCFC consumption phase-out obligations under the first phase of the program (2014-2018).
... Exibir mais + This is a level two project restructuring consisting of an extension of the OTF Grant Number TF016701 closing date from 31 December 2018 to 31 December 2019 for Schedule 1, component 4: Institutional Strengthening of the NOU. Implementation of components 1, 2 and 3 of Stage I of HCFC Phase-out Project are expected to be finalized by the end of December 2018. With this, the project’s development objective is expected to be achieved by end of the current closing date of December 31, 2018. However, component 4 will need to be kept open as there will still be ongoing funding available for strengthening the National Ozone Unit (NOU) provided every 2 years which aimed at supporting their responsibility in preparing and submitting the country program implementation reports and Article 7 data reports to the MLF Secretariat and the Ozone Secretariat. It will also support the preparation of Thailand HCFC Phaseout Project for moving towards achievement of the next consumption reduction targets in 2020 and 2025. The request to extend component 4 for one year until end December 2019 was made to ensure continuity of the work into the next phase of the Thailand HCFC Phase-out Project Phase two.
Exibir menos -
Sixteenth in a series of annual reports comparing business regulation in 190 economies, Doing Business 2019 covers 11 areas of business regulation.
... Exibir mais + Ten of these areas - starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency - are included in the ease of doing business score and ease of doing business ranking. Doing Business also measures features of labor market regulation, which is not included in these two measures. Doing Business provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level. This economy profile presents indicators for Thailand; for 2019 Thailand ranks 27.
Exibir menos -
