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Privatization of certain industries followed, as did significant tariff reductions in key sectors, but economic liberalization was delayed when the 1997 currency crisis led to increases in some tariff lines. Under the terms of an August 1997 International Monetary Fund bailout, Thailand began to restructure its financial institutions and to close insolvent banks. Government-initiated economic stimulus programs fueled a modest economic recovery in 1999 with moderate increases in trade, consumption, and production. Investor confidence has yet to return, and private investments remain below 1998 levels. 9 percent last year (based on total taxes on international trade as a percentage of total imports). |
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The open source concept makes both the program and its source code available for free and is behind well-known software such as Linux. 31 million) will be spent on imported software, which accounts for 90 percent of software use in Thailand. He cited the example of China, where the government recently announced a policy to use open source software. A member of a government sub-committee for science and technology last week proposed having a specification for open source software in government IT bidding projects. No decision has been made but it is likely that the idea will be supported, a source on the committee said. |
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. Speaking at the ongoing 2001 Fortune Global Forum in Hong Kong, Thaksin outlined the proposed medium-term economic and social program of putting Thailand back in business. "The most important task of my administration is, first and foremost, to revive confidence and belief in the ability of the government to restore and reinvigorate the Thai economy back to a path of dynamic yet stable and sustained growth," the Thai prime minister said in his keynote speech at the forum. Thailand's recovery will be reinvigorated by new policies to stimulate and maintain sustainable economic growth in the near term between 3. Thaksin said the Thailand government currently must address the fundamental problems of the poor, and eradication of poverty is a major socio-economic policy objective. |
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Among high and steady growth, instabilities did occur, however. Like other countries, Thailand has undergone several economic shocks, most of them were transmitted from outside the country but some emerged from the internal factors. To the question upon assessment of the government's role in development process, the answer varies from positive side to negative side, depending on the area in which the questions are made, and also depending on the analysts' philosophical standpoint. For example, while the recent boom of Thai economy pleases most economists and government officials, there remain others blaming for its emphasis on overall growth while leaving the distribution of benefits from growth less attended. The dispute between the two ideologies is, however, beyond the scope of this report. |
A good government site: http://www.asiaobserver.com/cgi-local/anacondaodpp.pl?passurl=/Regional/Asia/Brunei_Darussalam/Government/