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WB urges greater economic mobility, social aid in ‘new Thai model’

December 7, 2017 ·  · Topic: Economic Mobility  · Relevance: bad


THE WORLD BANK has warned that Thailand’s economic development model is obsolete and has recommended an incorporation of three new pillars for the next step of development.

Thailand and other developing East Asian countries had been successful in reducing extreme property but the region is facing rising income inequality among the haves and have-nots, according to the World Bank report entitled “ Riding the Wave : An East Asian Miracle for the 21tst Century”, released yesterday.

The region has transformed from being comprised of mostly poor countries in the 1980s to a group of middle-income country, said the report.“It’s […]

Inequality More Than Matters

December 7, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

Javier López

Javier López Inequality is the biggest challenge of our time. It undermines social confidence and reduces support for democratic institutions. It lurks behind the new toxic relationship that western societies have established with their future and explains much of recent resentment-driven electoral phenomena and the surge of identity politics with its disruptive backlash.

As for the economic dimension, according to institutions such as the IMF or OECD, inequality hinders growth and the creation of quality employment.

They also affirm that excessive and increasing inequality levels imply direct social costs, prevent social mobility and may also inhibit sustainable growth now and in […]