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Challenges facing small, open economies in the changing global landscape

· Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (Thailand)

Summary written by Dark Majestic in its own words · topics: financial stability, trade, fragmentation and geopolitics

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· Sethaput Suthiwartnarueput Wiki · Bank of Thailand WikiChallenges facing small, open economies in the changing global landscape

ContextSpeech at the Budapest Eurasia Forum 2022, hosted by the Hungarian central bank; the Bank of Thailand keeps prices and finance stable and faces a shifting global landscape.

Why it mattersThe Thai governor discusses how small open economies can adapt to reglobalisation.

Problems raised
  1. Global changes are fast and large.
  2. Trade and geopolitics are shifting.
  3. Small open economies are vulnerable.
Solutions proposed
  1. Build resilient supply chains.
  2. Adapt to reglobalisation.
  3. Strengthen buffers.
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