Populism trumps productivity in Thailand

Populism trumps productivity in Thailand – atimes.com, May 10, 2012
[Thanks to Tom for pointing this out.]
…In the 1960s and 1970s, Thailand notched years of rapid growth by simply luring peasant farmers to work in factories, where productivity was then relatively high. Now, many former farmers are returning to their provincial fields to escape the high costs of urban living and profit from a new populist scheme to boost rice prices above market levels…

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