Inflation Crisis, Kip Depreciation in Laos, How Does It Affect Thailand? GLOBAL FOCUS #84

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THE STANDARD

Published on Aug 2, 2024
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Laos is facing an inflation crisis and the severe devaluation of the Lao kip. Many are questioning whether the root of these problems is due to excessive borrowing from abroad to invest in infrastructure, especially the high-speed rail and hydroelectric dam projects. How will Thailand, as a neighboring country, be affected by this situation? Find the answers through an interview with Assoc. Prof. Dr. Piti Srisangnam, a lecturer at the Faculty of Economics, Chulalongkorn University. 00:00 Start of program 02:55 Is the root of the crisis the result of borrowing from China? 08:41 What went wrong in Laos? 12:34 Hydroelectric dams are the root of the problem? 14:57 Aid from China 16:21 BRI projects in Laos 18:33 Why don’t people use the Lao kip? 25:56 Laos changes its central bank governor. 27:40 Is Laos’ economy on the verge of collapse? 28:34 Lao PDR and its mission to bring money into the country 32:57 Impact on Thailand 37:08 Chinese influence within the region –––––––––––––––––––– Press follow and press the bell: https://bit.ly/3Naelc3 Follow THE STANDARD on other channels Website : https://thestandard.co/ TikTok : / thestandardth Facebook : / thestandardth Twitter : / thestandardth Instagram : / thestandardth.ig #InflationCrisis #Kip #Laos #GlobalFocus #TheStandardNews #LaoPDR #China

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