Goodthaigirl Posted June 7, 2002 Report Share Posted June 7, 2002 Hi, I'm reading 'Thailand Economic Monitor May 2002' by the World Bank.There is one sentence I'm having problem with. Here it is. Concerns about the rising level of public debt have now begun to outweigh the benefits of pump-priming the economy. What does it mean in Thai? Many thanks GTG Link to comment Share on other sites More sharing options...
Boo Radley Posted June 7, 2002 Report Share Posted June 7, 2002 I think you mean English to Thai translation? Link to comment Share on other sites More sharing options...
Goodthaigirl Posted June 7, 2002 Author Report Share Posted June 7, 2002 Yes, my mistake. I'll change the thread title immediately. Thanks for letting me know. GTG Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2002 Report Share Posted June 7, 2002 First, I guess we need to define what exactly 'pump-priming' the economy is... The rest is fairly straight forward don't you think? Link to comment Share on other sites More sharing options...
Goodthaigirl Posted June 7, 2002 Author Report Share Posted June 7, 2002 Yes, actaully that's exactly my problem ! HELP !!!!!!!!!!!! GTG Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2002 Report Share Posted June 7, 2002 In this context, the author seems to be equating "pump-priming" with putting public-sector [government] funds into the private sector to stimulate the economy. Link to comment Share on other sites More sharing options...
elef Posted June 7, 2002 Report Share Posted June 7, 2002 Hi, db's explanation is perfect. "Pump-priming." Deficit spending by a government on public works and "welfare" projects in an attempt to raise the purchasing power of the recipients and thus stimulate and revive economic activity to the point that deficit spending will no longer be considered necessary to maintain the desired economic activity. "Pump-priming" sometimes fails to catch on, as in the case of the American New Deal of the 1930's. At other times, it starts a boom which inevitably leads to a recession, depression or "flight into real values" (q.v.). See also "Trade cycle" and "Monetary theory of the trade cycle." http://www.mises.org/easier/P.asp Regards elef Link to comment Share on other sites More sharing options...
daeng bireley Posted June 7, 2002 Report Share Posted June 7, 2002 GTG Im sure the only word your having trouble with is "pump priming". This is an idiom that comes from the name of the method for starting old style water pumps by putting a little water in first to help the pump start sucking. In the case of an economy it has come to mean when the govt. spends some money ( usually on public works like roads bridges buildings etc) to put extra money into the economy to help it start moving ( usually from a recession). In this case they are saying public debt (or govt debt ) is so high that it might do more harm than good to spend more govt money trying to make the economy get moving. à ¢éÒ㨠ËÃ×Ãà »ÅèÒ Link to comment Share on other sites More sharing options...
Goodthaigirl Posted June 7, 2002 Author Report Share Posted June 7, 2002 Hi guys, THANK YOU VERY MUCH FOR YOUR HELP ! GTG Link to comment Share on other sites More sharing options...
Boo Radley Posted June 10, 2002 Report Share Posted June 10, 2002 Hi, It should be possible to find the meaning of pump priming in an English dictionary. If you don?t wish to buy one (¡Ãèá springs to mind ), there are free ones available on-line. Link to comment Share on other sites More sharing options...
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