The Wealth of Thai Villages: Economists Create New Framework for Examining Developing Economies

The Wealth of Thai Villages: Economists Create New Framework for Examining Developing Economies – marketwatch.com, April 24, 2012
…”We believe that a village typically has its own importance as an economy,” notes Townsend. “It’s more than just a random cluster of households. Each village is a geo-political entity with its own formal and informal institutions. This study proposes viewing villages as nations in an economic sense in order get a richer understanding of the dynamics at play. We look at production and trade as well as the macro financials, and we examine their interaction…”

This entry was posted in Economy. Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.