Its not the flood or any natural disaster that actually damages the economy many of the times, its the perception that economy would be under crisis and therefore such expectation causes further damages. One obvious reason is the tourists not visiting the country.
"Right now the main risk to economic progress is flood in Thailand"
Waqas, I don't think so. As of now the major issue is with economic slowdown and financial crisis. Most of the EU countries are struggling with slow growth rate and economic slowdowns. In Asian countries, inflation rates are going up with lower growth rate and in US some other financial crisis. Ok, I agreed that last year Japanese tsunami and Thailand flood had accelerated these situations.
"More over in case of FDI, much assurance is also required at international level."
The only way to give assurance to potential investors which can contribute to FDI is to show them the effectiveness of flood prevention measures that have been redeveloped because right now the main risk to economic progress is flood in Thailand.
Roques, nobody can predict when natural disasters can occur or happens. For certain disasters like flood, volcano etc we can take some precaution steps but it may not be feasible always for small countries like Thailand especially in industrial sector.
waqasAltaf, disasters are natural and most of the countries are facing similar situations once in a while. But how early they can recover from the disaster is important. That's entirely depends up on how the local governments are stable and capable for doing things at the root level. Post disaster is really a mess for most of the authorities/governments to restore the normal business and living standard. More over in case of FDI, much assurance is also required at international level.
Have they taken the precautions to avoid the impact of a new possible flood? You can't plan for a complete natural disaster but you certainly can't afford to make the same mistake.
The concern many have in the case of Europe is the feeling they've just been lumbering from one solution to another. Perhaps it is easier for a country to recover from a natural disaster than it is to recover from a man-made disaster!
T.Alex, The increase in IT spending in Thailand is coming from three different sectors, all of them connected. The government is working on infrastructure improvements, businesses are doing the same especially in the telecom service provider market and consumers are fascinated with smartphones. This trend is not unique to Thailand in Asia but it is ramping in the country because of the relative political stability it has begun to enjoy after the turmoil of recent years.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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