Word: rai
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Dates: during 1970-1979
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Once upon a time, even after the idyllic years of Anna and the King, Thailand was a faraway paradise called Siam. Its marketplaces floated on canals, and its rice fields stretched to the horizon. When someone felt troubled, his friends were likely to tell him, "Mai pen rai," which means, "Well, never mind...
...softening demand for some of its main export items, including tin and rubber. Rice exports, the mainstay of the economy, have been especially poor, largely because Asia's "green revolution" has made rice producers out of countries that formerly were importers. Thailand, under the spell of Mai pen rai and the war boom, failed to diversify its economy. In consequence, the country has a bulging rice stockpile and growing trade deficit...