Double Dualism, Economic Growth Slowdown, and Falling Income Inequality in Thailand

IF 16.4 1区 化学 Q1 CHEMISTRY, MULTIDISCIPLINARY
Tanadej Vechsuruck, Praopan Pratoomchat
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引用次数: 0

Abstract

Thailand has experienced a decline in income inequality coupled with unimpressive economic growth since the end of the 1997/98 Asian financial crisis. This paper uses the structuralist approach to understand how these concurrent economic phenomena have become deeply intertwined. We argue that this intertwining results from Thailand’s economic structure, manifesting two types of dualism: (i) the dualism of the formal–informal sectors and (ii) the dualism of the dynamic–stagnant sectors. A decline in the informal sector in recent years coincides with a decrease in income inequality. Further, the second type of dualism between the dynamic and stagnant sectors has emerged since 2000. The stagnant sectors’ employment share has grown faster than that of the dynamic sectors, resulting in a slowdown in economic growth and less inequality. The decline of the informal sector and the rise of the stagnant sectors are the primary engines weighing down economic growth and reducing income inequality in Thailand.
泰国的双重二元论、经济增长放缓和收入不平等下降
自 1997/98 年亚洲金融危机结束以来,泰国经历了收入不平等程度下降以及经济增长不尽人意的局面。本文采用结构主义方法来理解这些同时出现的经济现象是如何深度交织在一起的。我们认为,这种交织源于泰国的经济结构,表现出两种二元论:(i) 正规-非正规部门的二元论;(ii) 活跃-停滞部门的二元论。近年来,非正规部门的减少与收入不平等的减少相吻合。此外,自 2000 年以来出现了第二种动态部门与停滞部门之间的二元结构。停滞部门的就业份额增长快于活跃部门,导致经济增长放缓,不平等现象减少。非正规部门的衰退和停滞部门的崛起是拖累泰国经济增长和减少收入不平等的主要动力。
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来源期刊
Accounts of Chemical Research
Accounts of Chemical Research 化学-化学综合
CiteScore
31.40
自引率
1.10%
发文量
312
审稿时长
2 months
期刊介绍: Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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