A Quick Overview of Thailand

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Thai Hawker In Bangkok, Kelvin Ong 2012

Kelvin Ong

Written in Thailand 2011, adapted from devac.org

Thailand has a rich history spanning nearly 800 years now, and throughout this time, it has never been colonised by a Western nation, which is unique among Southeast Asian countries. Thailand has the second largest economy of Southeast Asia, after Indonesia, and it has historically enjoyedhigh rates of growth, at least before and after the currency crisis of 1997. Its industrial sectors contributes 43.9% of GDP, coming in second-most important after its services sector, which accounts for 44.7% of GDP.

The past decade has been full of challenges for Thailand. Continue reading “A Quick Overview of Thailand”

Healthcare: Are we demanding bad goods?

Details is a trendy American style magazine showcasing movie stars and the latest in everything fashionable and chic. So when they name a health economist as one of the 50 most influential men under 45 it should raise a well-groomed eyebrow (or two).

Submitted by Scott Robertson, Master Program in Health Economics and Policy

Details is a trendy American style magazine showcasing movie stars and the latest in everything fashionable and chic.  So when they name a health economist as one of the 50 most influential men under 45 it should raise a well-groomed eyebrow (or two).

As if that doesn’t give him enough credibility, David Cutler is one of the most-cited minds in modern health economics with a persistent focus on driving the discussion of quality.  Modern Healthcare recently said he is one of the 30 people likely to have a significant impact on the future of healthcare.  Plus he’s a professor at MIT and was an advisor to U.S. Presidents Clinton and Obama.

In short: Cutler is a big deal.  If the UPF, and ostensibly the Barcelona GSE want to prove the profile of their economics program, attracting this star to inaugurate the academic year could be an indicator of success.  The auditorium filled to standing-room only shows the opportunity was not lost on students either.

UPF Economics Department
David Cutler delivers the UPF Economics Department opening lecture in October 2012. Photo credit: UPF

Continue reading “Healthcare: Are we demanding bad goods?”

A Wave of Changes (of more or lesser importance)

Another one bites the dust. Could it be much more than a lost election for the Republicans?

Every lost election sets off a wave of debates, blaming and eventually new strategy-setting. This wave is now hitting the Republican Party – and hard. How much in its path will be wiped off and the extent of the ensuing change is still uncertain but potentially big.

If they are driven to change, it is, to most accounts, because the American electorate has a new face. The Latino and Afro-American communities who usually do not make use of their electoral rights have in bigger shares wielded their power and gone to the polls. The Republican’s inability to relate and appeal to these minorities is thus by now commonly identified as the reason for their loss.

As said, this could have far-reaching impacts; the first one being the opportunity for professors to update that Political Economy problem set they have been handing out for years. These elections mark indeed the era of a new Median Voter Theorem case study. If analysts are right, what we are observing in the United States is indeed nothing else than a shift of the electorate. Naturally, this accounts for a shift of the Median Voter.  Our theorem tells us to expect the political actors to accordingly change their ideology and adopt that of the new median voter. And this is what we see unraveling – and at an amazing pace.

Continue reading “A Wave of Changes (of more or lesser importance)”