Although the financial sector was the epicentre of Thailand's economic crisis in 1997, the corporate sector, small-scale manufacturers, wage earners, and other vulnerable groups also felt the effects. There was a widespread loss of confidence that threatened to undo the prosperity of several decades of hard work. This book provides and analysis of the crisis and the struggle to find a solution, examining the key events and the resulting policy measures.
This book succinctly describes how a large hydro dam in a poor country with weak capacity was successfully prepared by a truly global development and financial partnership, by turning the natural resource curse on its head and tapping the state of the art to mitigate environmental and social impacts.
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