Sufficiency Economy is Philosophy or Economy System

What is Sufficiency Economy ? Between are Philosophy or Economy System or both. Unofficial translation from major trend of Thai Social(read about Thai Social at www.inthadark.bloggang.com ) that is to say Sufficiency Economy is Philosophy that emphasizes the middle path as an overriding principle for appropriate conduct by the populace at all levels as level of individuals, family, communities, nation in development and administration so as to modernize in line with the forces of globalization.

If consider only Sufficiency that dont different with the Sufficiency Economy because Sufficiency in major trend is moderation, reasonableness and need of self-immunity for sufficient protection from impact arising from internal and external changes. To achieve this, an application of knowledge with due consideration and prudence is essential. In particular great care is needed in the utilization of theories and methodologies for planning and implementation in every step. At the same time, it is essential to strengthen the moral fibre of the nation, so that everyone, particularly public officials, academics, businessman at all level, adheres first and foremost to the principles of honesty and integrity. In addition, a way of life based on patience, perseverance, diligence, wisdom and prudence is indispensable to create balance and be able to cope appropriately with critical challenges arising from extensive and rapid socioeconomic, environmental, and cultural changes in the world.

From the means of Sufficiency Economy and Sufficiency therefore is a philosophy or way of a person in the individual level more than the Economy system because economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society. The economic system is composed of people, institutions and their relationships to resources, such as the convention of property. It addresses the problems of economics, like the allocation and scarcity of resources

And the Sufficiency Economy in major trend of Thai Social dont say structure relations in economic system between human with human, human with socioeconomic that still ability to appropriate surplus value of the stratified that is near center of power in The World Stratified Society. So the Sufficiency Economy in major trend of Thai Social therefore is Political Discourse that the major trend or liberal capitalist economy can appropriate explanation in social as though Sufficiency Economy is capital economy that have moral. *can read article that concerning at www.asiaarticle.blogspot.com and www.aboutasean.blogspot.com

China Economy Why China Likes Small Cap Stocks

China Economy: Why China Likes Small Cap Stocks

About: (Purchasing Manager’s Index (PMI), HSBC, China economy, China Stock Digest, China small cap stock, Smaller cap, China economy, Chinese economy, China stock market) Bookmark and Share

The newswires are buzzing about China’s growth curve once again. This time there’s intense debate about the meaning of the latest manufacturing data. Is it up? Or is it down?

The answer is a bit of both and figuring out why is important.

First the news. A government-backed Purchasing Manager’s Index (PMI) declined to 55.8 last month from 56.6 in December, a slight loss indeed. But that figure is at odds with HSBC’s China PMI survey, which actually showed a rise in January, to 57.4 from 56.1. What should we make of this difference?

First of all disregard news outlets that say the government PMI decline signals a drop in China’s growth trend. Any reading above 50 on the PMI indicates ongoing growth in the manufacturing sector. Period. The PMI has been signaling growth since last year.

The HSBC purchasing manager’s index is slightly different from the Chinese government reading in one important way. The government PMI looks at large and state-owned companies, while HSBC’s sample of more than 400 companies is weighted more toward smaller businesses and export-related companies.

That means the declining government PMI shows that large cap state firms are somewhat weaker than small cap companies. HSBC finds small caps are growing more quickly.

The HSBC rating also indicates strength in export-related industries. The giant Japanese brokerage backs this up in an analysis given to Bloomberg. Nomura forecasts the Chinese economy will gain momentum this quarter as exports surge 30 percent! Nomura predicts that China’s economy will grow at a blistering 12 percent this year. Pessimists see this as bad news.

Some news reports argue that strong growth will force the Chinese government to clamp down on lending to prevent asset bubbles from developing. That, they claim, would be bad for business and bad for the markets.

But we and many other China watchers see interest rate hikes as an inevitable trend in the coming year. The effects of this and other clampdowns on industrial growth are already assumed, and “baked-in” to stock prices.

What counts is the growth. Smaller cap companies and exporters are on a trajectory for double-digit growth in 2010. There will always be pessimists and critics of the China growth story. But what counts is not temporary lending halts or fractional increases in interest rates. It is the big picture.

The big picture still indicates that China will continue to grow faster than any other major economy.