Poverty Reduction in Thailand

We tend to believe that most countries are in ruin, as we are in an economic crisis, but Thailand has proved differently. Thailand has remarkably flourished in globalization, growth, and poverty reduction over the past years.

When regarding the reduction of poverty, Thailand came up with multiple new ways of thinking and methods. First, they have learned how to accurately measure poverty. They learned not to measure poverty solely on income, but on other factors too. Next, they compared the measurements of poverty over different years and found trends and comparisons. They also learned to neglect personal opinion from measurements of poverty. Over time, Thailand's poverty measurements have decreased immensely.

How to we apply this poverty reduction example of Thailand to America?

http://www.jstor.org

Globalization, Growth, and Poverty Reduction in Thailand

Peter Warr

ASEAN Economic Bulletin , Vol. 21, No. 1, Thailand: Economic Challenges and the Road Ahead (April 2004), pp. 1-18

Published by: Institute of Southeast Asian Studies (ISEAS)

Article Stable URL: http://www.jstor.org/stable/25773799