Thailand to go ahead with 4G licence auction
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Countries Targeted by Trump’s Tariffs May Strike Back at U.S. Services
He didn't fool anyone. He's right to include currency manipulation, countries often use that to their advantage. Countries like Japan also have trade barriers such as expensive testing requirements on imported vehicles. The EU is also infamous for creating extensive and overly complicated "regulations" that make things very difficult for importers and therefore continue with it's protectionist racket. -
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US Nurse Suffers Devastating Facial Injuries in Krabi Moped Crash
What is the problem to inform yourself before renting that crap? Are you jumping in a pool without water? Sure, you will check before, or won't you? -
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
Any reductions will be too late. The consumers of many countries will follow Canada's lead, and boycott American products. What does America produce that the average consumer can't buy elsewhere? -
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High Tariff Barriers can Lead to Support of Lame Industry
High tariff barriers, while intended to protect domestic industries from foreign competition, can sometimes lead to inefficiencies and the development of what is often called a "lame industry." Here's why: 1. Reduced Competitive Pressure Tariffs shield local producers from international competition, reducing the incentive to innovate, improve quality, or lower costs. Without competitive pressure, industries may become complacent and inefficient. 2. Misallocation of Resources Industries that rely on tariff protection may survive despite being uncompetitive on a global scale. This leads to inefficient resource allocation, where labor and capital are tied up in less productive sectors instead of being directed toward more competitive industries. 3. Higher Prices for Consumers Tariffs raise the cost of imported goods, often leading to higher prices for consumers. Domestic producers, protected from competition, may charge more without necessarily improving quality. 4. Retaliation and Trade Wars Other countries may impose counter-tariffs, reducing export opportunities for domestic firms. This weakens industries that could have been globally competitive, further promoting inefficiency. 5. Difficulty in Global Expansion Protected industries may struggle to compete internationally because they are accustomed to operating in a less demanding, tariff-protected environment. When exposed to global markets, they often fail due to a lack of innovation and competitiveness. Conclusion While tariffs can provide short-term protection to developing industries, long-term reliance on them often results in inefficiencies, lack of innovation, and an uncompetitive "lame industry." Sustainable growth requires a balance between protection and gradual exposure to international competition. -
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THAILAND LIVE Thailand Live Thursday 3 April 2025
Thai Senators Face Potential Disqualification Amid Voting Probe Photo courtesy of 9DashLine The Department of Special Investigation (DSI) is advancing a sensational investigation that threatens the status of 30 Thai senators over alleged voter collusion during last year's senatorial elections. The DSI claims to have gathered conclusive evidence, including security camera footage showing questionable peer voting activities. Full Story: https://aseannow.com/topic/1356684-thai-senators-face-potential-disqualification-amid-voting-probe/
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