Economists: Thailand needs preparation | Bangkok Post: business

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Economists: Thailand needs preparation

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Countries like Thailand should prepare better to cope with volatile natural and financial risks, World Bank country director Ulrich Zachau said Monday at the official launch of the Bank's World Development Report 2014. 

He cited water management, health insurance support to the poor and crop insurance as examples where Thailand is poorly prepared for problems.

The Bangkok-based Mr Zachau said financial and economic turmoil in the West have disrupted the world economy, with loss of income, jobs, and social stability. Meanwhile, intense natural disasters have devastated entire communities from Haiti to Thailand and Japan, causing majuor human and economic losses.

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