Infrastructure Spending in Thailand

October 14, 2013

The Economist

This article explores planned large-scale infrastructure -- including high speed rail -- and stimulus spending in Thailand.  Opponents of the program have called for fiscal prudence and have questioned the amount of public debt it would require.  CFSP Faculty Director and MIT Professor Robert M. Townsend points out, however, that average debt-to-asset ratios are low and have been decreasing since 2006, a fact which suggests that concerns about spending are overstated.