Development Asia—The Hunt for Jobs: August 2009
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Development Asia—The Hunt for Jobs - Asian Development Bank
ROUNDUP
Thai Kids Going to Money Camp
A business newspaper in Bangkok is teaching children what adults have learned from the global financial crisis.
Krungthep Turakij (Bangkok Business News), a daily Thai-language newspaper owned by the Nation Multimedia Group, organized a financial camp for children in June that provided them with a basic understanding of economics and taught them how to be financially smart and independent. Sponsored by Siam Cement Group, the 2-day Happy Kid Money Camp at Chulalongkorn University was offered free to children, ages 10–12. Participants were selected based on the written essay or video clip they submitted before the activity.
In an article published in The Nation website, Duangkamol Chotana, executive editor of Krungthep Turakij, said the global crisis motivated the business newspaper to organize the camp.
Test of Economic Resilience
Countries from Northern Europe and Southeast Asia scored high in the stress test
conducted by the International Institute for Management Development, the Switzerland-based business school that publishes the annual World Competitiveness Yearbook.
The Stress Test on Competitiveness provides an analysis of which countries are better equipped to survive the global financial crisis and improve their competitiveness in the near future. The test focuses on exposure, readiness, and resilience during a world recession. It is a new feature of the World Competitiveness Yearbook 2009.
Denmark finished first in the stress test, followed by Singapore. The United States came in 28th place in the stress test but finished first as the most competitive country in the overall 2009