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Old 23-07-2008, 05:07 PM   #51 (permalink)
EmperorTud
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Hmm, reading that nonsense above it is apparent why you don't know what the policy actually is!

The sufficiency economy policy is localism.

The philosophy has been made corporeal by Pridiyathorn Devakula, Minister of Finance, who proclaims he is the supporter of the King's self-sufficiency economy or Localism. The examples of his policies that follow the King's localism are: Limiting foreign companies investments that enormously reduce liquidity in Thai economy; regulation and investigation of foreigners' source of fund; and Capital controls that destroyed US$20 billion of market value in one day. As a consequence of capitol control and investigation over foreign investors, World Trade Organization (WTO) sent negative feedback to Thailand and doubts the ability of Thailand to continue to be the WTO member [3]. The prime minister Surayud Chulanont, who also proclaims the King's localism, has called for the former minister of commerce Somkid Jatusripitak, who are pro-capitalism, to the service of the country.

Localism in Thailand - Wikipedia, the free encyclopedia
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