Lecture 14: Real and Financial Flows: Thailand

Name: Lecture 14: Real and Financial Flows: Thailand
Uploaded: 2022-08-31T20:12:54Z
Duration: 59 min 43 s
Description: Villages and towns are like small open economies within a nation, yet the SMEs within them are heterogeneous in wealth and productivity. They are also typically constrained. Thus, opening the economy up to increased trade and to capital flows can produce surprisingly large welfare gains and losses, even for those living within the very same village.

59:43

Villages and towns are like small open economies within a nation, yet the SMEs within them are heterogeneous in wealth and productivity. They are also typically constrained. Thus, opening the economy up to increased trade and to capital flows can produce surprisingly large welfare gains and losses, even for those living within the very same village.