Abstract
The Asian financial crisis of 1997 and the accompanying rise in unemployment (from 1.5 % in 1997 to 4 % in 1998) caused serious social problems in Thailand. The World Bank, Asian Development Bank, and UN organisations as well as bilateral aid donors committed a great amount of loans, grants, and technical assistance to combat the country’s social disasters. With continuing unemployment problems (despite the private domestic sector showing signs of revitalisation in 1999), much foreign aid continued to be used to assist Thai government countermeasures. Japan’s ‘Miyazawa plan’ was a representative case. International aid agencies also called for the development of social safety nets such as unemployment insurance schemes. The creation of an effective public social safety net was specifically recommended.
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Notes
- 1.
Address by Juan Somavia, Director-General of the ILO, to the staff of the World Bank, ‘Decent Work for All in a Global Economy’, 2 March 2000.
- 2.
Thai Custom Office and JETRO information, JETRO Bangkok Centre.
- 3.
For example, TMT and its trade union, the Toyota Thailand Workers Union (TTWU) made a joint declaration in 1993 which explicitly expressed mutual cooperation and implicitly included employment security for union members.
- 4.
ILO adopted a new international labour standard for HRD in which the effective utilisation of private training opportunities could be incorporated within a public vocational training framework (ILO Conference, June 2000).
- 5.
This idea was emphasised by Mr Rubens Ricupero, Secretary General of UN Conference on Trade and Development at UNCTAD X in Bangkok; International Herald Tribune, 12–13 February 2000.
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Kuriyama, N. (2017). Resilience of Japanese Automobile Investment in Thailand during the 1997 Asian Financial Crisis. In: Japanese Human Resource Management. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-43053-9_5
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