Related Posts: Middle-Income Trap
January 30, 2013
From January 1 of this year, Thailand’s employers must pay all employees at least 300 baht (about $10) a day. If they don’t, they will face six months in jail and/or a 100,000 baht fine for not complying. The 300-baht minimum daily wage policy, the fulfillment of a 2011 election campaign pledge by the ruling Pheu Thai Party, has been piloted in seven provinces since May 1, 2012 (including Bangkok), with much debate and division among employers, labor unions, government ministries, and academics about the actual and perceived impact of the policy on the economy, productivity, small- and medium-sized enterprises (SMEs), and inequality.
January 9, 2013
Over the last several decades, Asia has become increasingly integrated with the rest of the world, its rapid development driven largely by exports to the United States and European Union. Yet, as the world’s main economic arteries shift eastward, intra-regional integration within Asia still lags behind.
December 5, 2012
While the Asian Century is most often used to describe the global shift of economic power to Asia, Asia’s rise is also significant in the area of development cooperation. Asian countries have emerged as game changers in the aid arena, challenging traditional notions of aid, reshaping global aid architecture…
September 19, 2012
This week, development pioneer Sir Fazle Hasan Abed, founder of BRAC, the largest nongovernmental development organization in the world, is in Washington, D.C., where he concludes his visit to the U.S. as an Asia Foundation Chang-Lin Tien Distinguished Visiting Fellow.