E260w2

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Information about E260w2
Education

Published on April 24, 2008

Author: Rainero

Source: authorstream.com

Slide1:  Introduction to social sciences Section 2 : Economic forces in daily life II Economic Terminology:  Economic Terminology GDP GNP National Income Income per Capita Slide3:  Total value of products and services that are produced in Thailand regardless of who are the producers. GDP: Gross domestic product Made in Thailand Made in Thailand Made in Thailand Slide4:  Assume that in 2006 Mr.A produced 2 T-Shirts/ 100 bath each = 200 bath Mr.B provided massage service = 300 bath Mr.Nobita produced 3 Doraemon robots = 3,000,000 baht in Thailand/ 1,000,000 bath each If these 3 people are the total population of Thailand, Thai GDP would be calculated as; Mr.A = 200 bath Mr.B = 300 bath Mr.Nobita = 3,000,000 baht Thai GDP = 3,000,500 baht GDP: Calculation Can GDP identify economic growth?:  Can GDP identify economic growth? GDP include Japanese products that are produced in Thailand? Slide6:  GNP: Gross national product Germany Norway U.S.A. Total value of products and services that are produced by Thai people. GDP vs. GNP:  GDP vs. GNP GDP concern Border. GNP concern Producer. ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล Slide8:  GNP: Calculation ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล Assume that in 2006 Mr.A (Thai) produced 2 T-Shirts/ 100 bath each = 200 bath Mr.B (Thai) provided massage service = 300 bath Mr.Nobita produced 3 Doraemon robots = 3,000,000 baht in Thailand/ 1,000,000 bath each Mr.C (Thai) clean bathroom in whith house earn = 10 baht Ms.D (Thai) work as a chef in Suddum house = 20 baht GNP concern producer not border GNP: 200+300+10+20 = 530 baht GDP: 200+300+3,000,000 = 3,000,500 baht Question:  Question Is Thai GNP less than GNP? Yes; Foreign investor come in take profit and move money back to their home countries Foreigner who work in Thailand usually earn higher income than Thais who work aboard. Rich countries have GNP more than GNP ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล National Income:  Gross income of Thai population Income in Economics are; Wage Rent Interest Profit ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล National Income National Income:  How to calculate for National Income? Sum of incomes of all Thai population Example. Mr. A make 100,000,000 baht a year, Mr. B earn 5,000 baht a year Mr. C earn 55 baht a year Mr. D earn 40 baht a year Mr. E earn 5 baht a year Thai national income: 100,005,100 Baht ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล National Income Income per Capita:  Income per Capita Average income of people Calculate by dividing the national income with total population in that country From previous example, National income = 100, 005,100 Baht Total population = 5 people Can be calculated as follow: (100,005,100  5) Thai income per capita = 20,001,020 Baht/Year ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล Question:  Question Can income per capita identify that Thais are rich or poor? From previous example: Thai income per capita 20,001,020 Baht/Year While … Mr. C earn 55 Baht/Year Mr. D earn 40 Baht/Year Mr. E earn 5 Baht/Year No, if the gap of income of rich and poor is still a big different. Slide14:  รายได้ประชาชาติของไทยประมาณ คนไทยครอบครัวหนึ่งมีรายได้ประมาณ 21,200 บาท ต่อเดือน สำนักงานสถิติแห่งชาติสำรวจเมี่อ พ.ศ. 2543 รายได้เฉลี่ยต่อครอบครัวต่อเดีอนเท่ากับ 12,150 บาท ค่า median ของรายได้คนไทย ๖๓ ล้านคน คีอ 2,200 บาทต่อเดีอน ห่างจากค่าเฉลี่ย 12,150บาท กับ 2,200 บาท ถึง 6 เท่าตัว ทั้งนี้ก็เพราะคนจำนวนน้อยร่ำรวยมีรายได้มากมหาศาล แต่คนส่วนใหญ่ยากจนมาก ดัดแปลงจากบทความของดร. บุญเสริม บุญเจริญผล เปรียบเทียบรายได้ประชาชาติจากแหล่งต่างๆ Bubble Economy:  Bubble Economy Thailand had $90,000 million foreign dept (more than ½ of GDP) Most of them were used out of the economic system (ex. stock market) Result in high the percentage of economic growth But, in fact, it had low level of development on economic structures. The Bubble Burst:  The Bubble Burst In 1996, Thai export growth rate was at 0% due to the lack of competitive advantages. Thai Baht was depended on USD. US economic was in the way up, Thai was not. Investor sold Baht back to the market. Slide17:    Baht was sold back to market… End of the Bubble:  End of the Bubble Bank of Thailand try to buy Baht from the market until the reserved fund was run out. Baht was floated, IMF loan. Changing in Exchange Rate:  Changing in Exchange Rate in 1997 Shift from 25 Baht/ 1 USD 40 Baht/ 1 USD Inflation Solution :  Inflation Solution Cost push Fiscal Policy Demand pull Monetary Policy Fiscal Policy:  Fiscal Policy Used by = Government Tools = Government revenue (Taxes) and expenses Objectives: Efficiently resources management Encourage income distribution. Stimulate economic growth Balance economic stability Fiscal Policy as Economic Solution:  Fiscal Policy as Economic Solution Expansionary fiscal policy (combat deflation)  government expenses  taxes Contractionary fiscal policy (combat inflation)  government expenses  taxes Thai activities on fiscal policy:  Thai activities on fiscal policy Expansionary fiscal policy Encourage economic growth and balance economic stability In 1961-1976  Government spending  Taxes Invest in economic infrastructure, public utility. Reduce import taxes of some capital goods or production materials to reduce production costs. Monetary Policy:  Monetary Policy Used by = Central bank Tools = money flow and loans Objectives: Balance economic stability, Encourage higher rate of employment, Stimulate economic growth, Control trade balance, Encourage income distribution. Fiscal Policy as Economic Solution:  Contractionary monetary policy (combat inflation) Bank of Thailand sell stock Increase reserved fund = Decrease personal loan Raise saving interest rates = People save Expansionary monetary policy (combat deflation) Bank of Thailand buy stock Decrease reserved fund = release more personal loan Reduce interest rates on bank loan = New business = Jobs Reduce saving interest rates Fiscal Policy as Economic Solution Thai activities on monetary policy:  Thai activities on monetary policy Balance financial stability Strengthen financial institution stability Sell stock to private sector Control loan pay out to private sector Support economic and social development Encourage commercial bank to increase loan to agricultural sector. Provide financial support to agriculture and co-op bank. International Economy:  International Economy Different economic system Free-market economic (Capitalism) Command economic (Communism) Mixed economic Capitalism:  Capitalism Free decision making by individuals People have rights to owned business and on profit they made People can consume whatever they want The price mechanism Marketing as a key success Government not involve on economic activity Only monitor and control situation Communism:  Communism Contrast to capitalism Government occupy resources and all production factors Private sector has no rights on production factors Government control over all production processes and resources allocation All business units and households produce and consume whatever government required. Mixed economy:  Mixed economy Combination of Capitalism and Communism Government and private sector cooperate to solve basis economic problem Production factor come from both government and private sector Slide31:  Capitalism ingredients Private sector has rights on some assets and freedom to product or consume Competitive oriented, price mechanism Communism ingredients Government operate on business unit that has high influence to majority of population i.e. Electric and water supply, and transportation Mixed economy Baht Value:  Baht Value Internal Influence Influenced by rate of inflation Rate of inflation  Baht Value  External Influence Rate of exchange to other national currency (How much of Baht can buy 1 unit of other currency) EEF (Exchange Equalization Fund) which is a subdivision of the Bank of Thailand is responsible for Thai currency adjustment. Thai’s currency adjustment methods:  Thai’s currency adjustment methods Fixed exchange rate method Tied with U.S.Dollar fixed in a period of time. Daily exchange rate method Discuss with member from commercial bank and EEF concern Demand and Supply of U.S.Dollar Exchange rate adjust by EEF EEF adjust rate of exchange by moritoring Demand and Supply of U.S.Dollar Money basket Adjust by monitoring group of currency which are trading alliance of Thailand Free Trade Area (FTA):  Free Trade Area (FTA) Thai’s current economic strategy Trading agreement between 2 countries WTO wasn’t benefit Thai trading agreement Because too many member (145 countries) Free Trade Area (FTA):  Thai’s main customer is U.S., Japan, and E.U. reached peak point = Thai tried to expand market to other region. Thai open FTA to Bahrain = Open middle east market Thai’s FTA with China encourage import value from $20m to $200m (10 times) Free Trade Area (FTA) Free Trade Area (FTA):  Current: Thai is negotiating for increasing FTA activities with… China India Mexico U.S. Australia E.U. South Africa Free Trade Area (FTA) AFTA: Asian Free Trade Area:  AFTA: Asian Free Trade Area An agreement by the Association of Southeast Asian Nations, of local manufacturing in all ASEAN countries. consists of 10 members; Brunei Indonesia Malaysia Philippines Singapore Thailand Vietnam Laos Myanmar Cambodia Primary Goals:  Increase Asian's competitive edge as a production base in the world market The elimination of tariffs and non-tariff barriers Attract more foreign direct investment to Asian Primary Goals Slide39:  Expand Thai’s International Trade Free trade among Asian encourage increasing in trading circulation Exchange in production factors (raw material) Lower cost for business Create competitive advantage in east of Asia region More investment from Japan and U.S. AFTA and Thai Economy AFTA and Thai Economy:  High trading expansion between Thailand and other members in AFTA (1993-2003) Thai export value In 2003 = $80,049 Million In 1993 = $37,325 Million Thai import value In 2003 = $75,015 Million In 1993 = $46,163 Million AFTA and Thai Economy AFTA and Thai Economy:  Export Asian became Thai’s no.1 export market replacing U.S. Important export goods: Computer and equipments, automobile, chemical products, steels, and rubber. Import Asian became the 2nd market follow Japan market for Thailand import market. Important export goods: Chemical products, electrical circuit, computer and equipments, raw gasoline, and natural gas. AFTA and Thai Economy Soccernomics :  Soccernomics “The event is an incredible creator of tourism, new jobs, new products, worldwide marketing, and new construction” History has shown that hosting international sporting events like the World Cup is extremely profitable for the host country. France, the 1998 World Cup host, earned $12.3 billion in profit The Unites States, the 1998 World Cup host, earned $65 million Thailand and World cup:  Thailand and World cup Gambling Crimes Social problem China Economic Development:  China Economic Development Mega-Projects Investment Changing to capitalism Slide45:  Shanghais World Financial Centre Beijing National Airport Slide46:  Beijing National Swimming Center Residential Site Linked Hybrid Slide47:  National Broadcasting Center (CCTV) Slide48:  Tongtan Business Park Tonghai Bridge Shanghais Connector Slide49:  Olympic Stadium National Theatre Beijing Beijing แผนพัฒนาเศรษฐกิจและสังคมแห่งชาติ:  แผนที่ 1 (2504-09) มุ่งเน้นการสร้างโครงสร้างพี้นฐานของประเทศ แผนที่ 2-3 (2510-14, 2515-19) มุ่งเน้นการผลิตเพี่อทดแทนการนำเข้า แผนที่ 4 (2520-24) มุ่งเน้นการผลิตเพี่อส่งออก แผนที่ 5 (2524-29) มุ่งเน้นการพัฒนาชนบท แผนที่ 6 (2530-34) มุ่งเน้นแก้ปัญหาทางสังคม เน้นการขยายตัวทางเศรษฐกิจ แผนที่ 7 (2535-39) มุ่งเน้นการรักษาระดับความเจริญเติบโตทางเศรษฐกิจ แผนที่ 8 (2540-44) มุ่งเน้นการพัฒนาทรัพยากรมนุษย์ แผนที่ 9 (2530-34) มุ่งเน้นการพัฒนาสังคม แผนพัฒนาเศรษฐกิจและสังคมแห่งชาติ แผนพัฒนาเศรษฐกิจและสังคมแห่งชาติ:  แผนพัฒนาเศรษฐกิจและสังคมแห่งชาติ ทิศทางในการพัฒนาประเทศแบ่งออกเป็น 5 กลุ่ม ความเชี่อมโยงเศรษฐกิจการเงินโลก การพัฒนาเทคโนโลยี การพัฒนาคุณภาพประชากรและสังคม การพัฒนาทรัพยากรธรรมชาติและสิ่งแวดล้อม การพัฒนารูปแบบการบริโภค ฉบับที่

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