Word: affection
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Dates: during 2000-2009
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...crisis, economic protectionism is on the rise. "There are several members of the coup Cabinet who believe Thailand is too dependent on foreign investment," says Supavud Saicheua, head of research at Phatra Securities in Bangkok. "They believe it's their duty to fix things before global economic trends negatively affect Thailand." In a country where the King is widely revered, the junta's Cabinet has shrewdly tied its closing-door strategy to an existing royal mandate. After the regional financial meltdown a decade ago, Thailand's King Bhumibol Adulyadej urged his subjects to forgo the turbo-charged drive of capitalism...
...controls. Despite the baht's 15% rise in 2006, Thailand's exports actually climbed 17% last year, to $130 billion. So who loses out? In the short term, mainly foreigners. But given Thailand's dependence on overseas investment, such protectionism may backfire. "The repercussions of these policies will eventually affect Thais too," says van Haren. "There's no way to escape global economics...
...time, I think to arrest these developments. It means rallying those states that are concerned about it. It means being very tough on the nuclear issue. Some of the financial measures that we are engaged in, which are collateral to the Chapter 7 resolution I think are having an affect. So you need to put that policy in place...
...doing little to help local poor and under-performing public schools. “I really need to know what the hell are they doing for us,” he said. Ten years after covertly buying land in Allston, Harvard has yet to publicize how its expansion will affect local residents. Community meetings and donations to build a library are no more than an excellent public relations campaign if the University ends up driving out residents...
...main reserve currency could erode rapidly.” Gernot Doppelhofer, a university lecturer and fellow of Trinity College at the University of Cambridge, wrote in an e-mail that he believes that the current account will eventually adjust. “Differences in productivity growth affect the real exchange rate in the long run,” he wrote. To respond to the growing deficits, President Bush’s administration should curtail discretionary spending, he added. Feldstein said he did not believe the dollar needed to fall immediately. “If the savings rate doesn?...