Our planet faces a pressing environmental crisis. From overflowing landfills to plastic pollution in our oceans, unsustainable waste management practices threaten our ecosystems’ health and well-being. The good news? Many countries and companies are rising to the challenge, implementing innovative solutions, and inspiring a global shift toward a greener future.
globalEDGE Blog - By Tag: thailand
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Animal rights have been a topic of discussion for a substantial amount of time. The debate as to what rights animals truly have has been an essential issue for many animal rights organizations. One notable organization that has been at the forefront of these issues is PETA. Its main goal is to stop animal suffering as a whole.
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The COVID-19 pandemic has shown us that the world around us can change before our eyes. In mid-March, people retreated to their homes, economies crawled to a halt, industries took massive hits, and countries rushed to develop policies to combat the spread of a virus many of us had never even heard of. Now, in early September, many of us have settled into remote work, pushed off our travel plans, and adapted to practices like mask-wearing to adjust to living in the midst of a pandemic. But what about the economy? Let’s look at the recovery and state of the economies of a few countries around the world.
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This past year was considered a significant year for the global airline industry. The disappearance of AirAsia Flight 8501 and the explosion of the Malaysia Airlines Boeing 777 in the Ukraine war zone have raised questions about the safety of Asia’s low-cost airliners. Meanwhile, as oil prices drop, the cost of operating airlines will definitely decrease, but it may or may not help the global airline industry.
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In some of Thailand’s poor villages, there is a new business arrangement that is becoming ever so popular. People from all over Asia are headed to Thailand to seek out surrogate mothers. These families pay Thai women between $10,000 and $20,000 for successful pregnancies, which equates to a monthly allowance hovering around $450, along with free housing in Bangkok. Thailand has publicized itself as a medical tourist destination, providing cheaper options for people all over the world. Thailand is quickly racing up to take the place of the United States as the world’s largest paid surrogacy destination.
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Regulations and guidelines involving international business have recently changed in Thailand. The Thai Department of Employment issued new guidelines for trade and investment related activities which streamline business activities in the region. These changes will make it easier for business travel to happen within the country and potentially increase the amount of international business that takes place with companies located in Thailand.
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Southeast Asia set high expectation for 2013 despite the global crisis, but it was Thailand that caught my attention. The country’s economy is expected to grow 5.7% in the coming year. One cause is the substantial increase in public investment for higher quality infrastructure, education, energy and health. Furthermore, there has been an flood of foreign ventures by not only large corporations, but also small business on Thailand’s resources, technology, and human capital. This stream of assets has, in turn, created a new consumer base and multinational companies that are quietly looking outward.
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The economy in Thailand has rebounded following the destructive floods of 2011. One of the worst monsoon seasons in decades killed hundreds of people, caused billions of dollars in property damage, and shut down much of the nation’s manufacturing capabilities. The floods were very harmful to the economy, however, the nation has recovered dramatically and is in a very good position for continued growth.
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Excessive flooding in Thailand has not only made life a challenge for locals, but global businesses are experiencing hardships due to the harsh monsoon season as well. Many technology suppliers are located in Thailand and have suffered because of the massive flooding and have caused a significant supply chain back up. Several have lost large amounts of inventory and suffered excessive property damage. Some say it could take up to a year for these plants to begin operating at normal capacity again.
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As global food prices continue to rise, rice is no exception. In Thailand, extreme rain and government regulation are also expected to contribute to a sudden hike in rice prices.
Thailand has around 8 million rice farmers, and currently accounts for about 30 percent of global rice exports. However, the Thai government is stepping in to increase local prices, so that share is likely to drop. The Thai government hopes the increase in prices will benefit local struggling farmers increase their income. Unfortunately, the increase in prices also means that Thailand rice exports will be less competitive internationally. Some say that other countries, such as India and Vietnam, will be able to make up for what Thailand does not export but global price increases are still likely. With other countries becoming larger international players in the rice market the Thai government may end up rethinking its rice pricing policy.
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Over the last 100 years, transportation has taken some significant leaps. With the invention of the car and its proliferation to countries around the world, individuals were empowered to go where they wanted, when they wanted. However, as the boundaries of distance decreased with an increase in vehicle quality and reliability, so did the world’s desire to travel even further and at greater speeds. The latest potential advance in human transportation is the proliferation of high-speed rail.