Trade, Investment, and the Environment: Thailand
1997
Jesdapipat, Sitanon
Trade and investment have been Thailand's engines of economic growth and subsequent development. With environmental concerns at a new high, the traditional concept of the interrelation between trade, investment, and the environment in Thailand has changed tremendously in such a way that the environment has become an integral part of investment promotion, and trade is being shaped by domestic and international environmental pressures. Hazardous waste generation in the industrial sector is symbolic of policy and market failures. Privatization, as vividly pursued by the Thai government, is a necessary but not a sufficient condition to ensure Thailand's overall sustainable development in the industrial sector. Public education, broad-based civil participation, fair compensation to potential injured parties, and an increase in political will are but a few key elements for the successful management of the challenge.
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