Declining Efficiency of Investment
It may be useful to put the discussion of performance constraints of the Thai economy briefly in perspective. Over the past 2 decades, the Thai economy has been one of the best performing economies in the world, characterized by sustained high growth rates, averaging 10.3% 1985-90, and 8% in the years prior to the crisis (1990-96). This growth was accompanied by a dramatic decline in the incidence of absolute poverty, from 57% in 1962 to 14% in 1992, with per capita income increasing from $700 per annum in the late 1960s, to $2,700 in 1996. At the same time, rapid growth was accompanied by environmental degradation, resource depletion, and an increasingly unequal distribution of income and wealth.
However, on balance a remarkable record of development. During this period of rapid growth and economic transformation, Thailand became increasingly integrated into the world economy through trade and investment flows, and production linkages. As the economy expanded rapidly and became more complex in structure, it posed more and new types of strains and challenges to economic management or “governance” systems at both the macro (i.e. public policy) and micro (enterprise) levels. As the relative role of the private sector increased in the economy, the importance of enterprise management and performance correspondingly increased. Looking more deeply at Thailand’s performance, manufactured exports grew by about 23% per year between 1980 and 1995, almost doubling during 1992-1995. However, in 1996 export growth fell practically to 0 per cent, with labor-intensive exports usually identified as the main culprit. Certain factors are generally cited as responsible for this abrupt and dramatic decline:
· External factors cited included the emergence of new competitors, with the coming on stream of new production facilities in lower income/lower wage countries such as China, Indochina, Philippines, further complicated by the30% devaluation of the Chinese yen in 1994;
· Domestic factors cited generally relate to rising wage rates and overvalued exchange rates. Domestic wage rates during 1991-95 rose about 11%, on average or about 5% increase in real wages per year, cited as the key factor in the slowdown in growth of labor intensive exports. The real effective exchange rate of the baht is estimated to have appreciated by about 15% during 1995-97, primarily because of the linkage to the US$, which appreciated against the yen.
While the above factors suggest that Thailand was losing its edge in low cost, labor intensive exports, these are at best partial explanations for the overall decline in export performance.
C/ They over-invested in the old staple export industries such as cotton and iron, and were slow to move to the industries of the future such as chemicals, automobiles, and electrical engineering.
Increased demand on a global scale due to increase in manufacturing across the world, opposite in U.
The U.S. industries have been outsourcing manufacturing for several decades now. U.S. companies thought they were reducing costs by outsourcing development, manufacturing, and process-engineering abilities. Consequently, U.S. corporations’ knowledge, skilled workers, and supply chain, which are the necessities to producing advanced products, have vanished. For example, almost all notebook computers, cell phones, and handheld devices, which were once created in the U.S., are now designed in Asia. When a major U.S. company outsource, it pressures their rivals to do the same thing. They also lose the expertise of process engineering, which would interact with manufacturing on a daily basis. Minor companies and skilled workers go to where the jobs and knowledge networks are no matter where they are geographically in the world. This decline of trade in the U.S. has caused a negative chain reaction to their suppliers of sophisticated materials, tools, production equipment, and components. U.S. industries do not have a way of coming up with new ideas for the next generation of high-tech products...
Unmanned Aerial Vehicles (UAV), also known as Drones have been used since the civil war, according to the U.S. Department of Defense. The idea of unmanned aerial vehicles had been growing more and more with every conflict our nation has come across. The use of drones is now in full effect, ranging from military operations to relief efforts. Controversies around the increased use of drones include target killings by the military and surveillance by drones within the U.S. Target killing has shown to be effective and favorable against terrorism but some have seen it as a violation of human rights
Drone Strikes are used by the United States in countries such as Pakistan and Afghanistan in order to aid the war on terror. The proper usage of attack drones by the U.S. has been fiercely debated since President Obama has greatly increased the use of attack drones. Those who are against it argue that the strikes are not ethical and harm too many civilians for the number of possible threats the strikes eliminate. However, because these strikes are very beneficial to the war on terror and save numerous lives by combating threats and protecting American soldiers, our military should continue drone use abroad.
The cost advantages related to raw materials may be explained by better negotiated agreements with suppliers (perhaps due to the larger volumes of purchases – comp. Fig. 5) and possibly less shipping and distribution costs that stem from the fact that Samsung’s fab facilities are geographically collocated (while competitors’ facilities are spread world-wide). In terms of labour productivity only Chinese SMIC outperformed Samsung, but that came hardly unexpectedly: low labour costs in China had been and were to remain unbeatable for some time yet.
In 2013, the World Trade Organization published its World Trade Report. Found within this report were the details on the World's top importers and exporters of merchandise. In ascending order, the top exporters were; #1 China, #2 United States, #3 Germany, #4 Japan and #5 Netherlands. The top importers were; #1 United States, #2 China, #3 Germany, #4 Japan, #5 United Kingdom. But even a developing country can dominated the world's economy because in 2013, China became the World's number one exporter of merchandise and held the number two position behind the United Stat...
There are many notions that must be understood prior to studying what influences the perpetration of rapes in prisons, for example, studying the context behind each scenario or case. However, there is one notion that is inevitable to disregard and that is, the consideration of ideals of punitive
manufacturers began to slowly close due to high export duties, the economic depression, and a
Within the criminal justice system, the victim faces re-victimization with the techniques that are done within the court room. For example, the defense attorney may try to use rape myths such as the victim asked for it based on the way she may have dressed, the victim led the offender on by flirting with them, and that she could have avoided being raped if she wasn’t drinking (Burgess, Regehr, & Roberts, 2013, p. 377). The purpose of using rape myths is to demonize the victim’s character by subjecting the victim to humiliating and inquisitive questions (Burgess, Regehr, & Roberts, 2013, p. 377). Third, the victim may not report rape to law enforcement because they may fear retaliation by the offender, especially if that offender is a lifelong partner or a boyfriend. Fourth, due to the culture of rape and the influences of the media, a victim may feel guilty and blame themselves for the assault (Burgess, Regehr, & Roberts, 2013, p. 377). As stated earlier, rape myths are used to demonize the victim’s character and ultimately take the blame away from the offender and put it onto the victim. In fact, rape myths serve to lessen the prevalence and seriousness of
The opposite is true when Jane is tempted to marry St John. Jane longs "to rush down the torrent of his will into the gulf of his e...
One of the latest and most controversial topics that has risen over the past five to ten years is whether or not drones should be used as a means of war, surveillance, and delivery systems. Common misconceptions usually lead to people’s opposition to the use of drones; which is the reason it is important for people to know the facts about how and why they are used. Wartime capabilities will provide for less casualties and more effective strikes. New delivery and surveillance systems in Africa, the United Air Emirates and the United States will cut costs and increase efficiency across the board. Rules and regulations on drones may be difficult to enforce, but will not be impossible to achieve. The use of drones as weapons of war and delivery and surveillance systems should not be dismissed because many people do not realize the real capabilities of drones and how they can be used to better the world through efficient air strikes, faster delivery times, and useful surveillance.
...only imagine how hazardous this world we live in become. Amongst countries this can become an international competition to make drones to be used as a factor. When other nations see this particular country is using some type of technology to improve their military system then they would want part of it as well. The drone practice can cause to escalate if other countries adopt to this new technology for their own reason of protection. There will be no turning back because the government of that country would take advantage of these drones to use it towards the citizens instead of using for “terrorist”. The use of these drones is definitely immoral and unethical but some may argue that the of drones as protection against “terrorist” even though as we can see it kills innocent people, creates more terrorists, causes psychological disorders, and violates privacy. (Cole)
As soon as the shift to a free trade regime appeared along with the competition with countries such as China and Indonesia the quick collapse of Bangladesh’s textile industry has been predicted. However, the opposite occurred. We can highlight three major reasons to explain what happened:
By using drones in worldwide assaults, the US sets a dangerous example to the many other nations with similar technology. Because America sends military drones instead of actual troops into areas like Pakistan and Yemen, it runs the risk of allowing its enemy countries to conduct similar strikes against its very own home front (Benjamin). While the US, UK, and Israel are the only world powers that currently contain armed drone machines, the US’s frequent uses of these modernized arsenals will influence other nations into building their own military drones to threaten our nation’s security in the upcoming years (Mulrine). This is already seen in countries like ...