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EFN Asia in Jeju Forum 2015 PDF Print E-mail
Thursday, 14 May 2015 16:09

Thanks to Nonoy Oplas, President, Minimal Government Thinkers, Inc, from the Philippines, for the contribution. For original information and more information from previous Jeju Forum from Nonoy Oplas, please visit http://funwithgovernment.blogspot.com/2015/05/efn-asia-47-participation-in-jeju-forum.html

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The Economic Freedom Network (EFN) Asia and the Friedrich Naumann Foundation for Freedom (FNF) will participate once again in the big annual international conference in Korea, the (10th) Jeju Forum for Peace and Prosperity, May 20-22, 2015.


Although Jeju Forum was first organized in 2001, EFN Asia participated for the first time only in 2013 by having its own panel discussion, "Dealing with Economic Nationalism". I was part of the contingent, as Panel Rapporteur. Then EFN participated again last year, its panel discussion was about "Globalization and Inequality".

This year, the overall conference theme will be "Towards a New Asia of Trust and Harmony" and EFN's panel discussion will be on "Free Market and Environmentalism: Why They Should Love Each Other".

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ASEAN Liberalization and the Poor PDF Print E-mail
Friday, 24 April 2015 18:46

Will greater economic liberalisation actually help the poor in ASEAN? Nonoy Oplas, SEANET Fellow and President, Minimal Government Thinkers, Inc, presented during a session of the ASEAN People's Forum 2015 in Malaysia.

The session is organized by:
Southeast Asia Network for Development (SEANET)
Institute for Democracy and Economic Affairs (IDEAS)

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The 300 baht minimum wage What has happened, what needs to happen PDF Print E-mail
Friday, 13 March 2015 16:14

The past ten years have not been a stellar time for economic policy making in Thailand. The country has seen 6 different governments over the past 10 years. But regardless of who was in power, the overwhelming majority of the policies enacted have been essentially populist in nature. Thailand Future Foundation, leading by Dr Sethaput Suthiwart-Narueput, revealed what has happened after two years of the use of the 300 baht minimum wage policy. The paper is also giving light of what needs to happen for Thailand to move forward.

Click at the image below for the full report.

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What’s up with the Greek crisis? Concerns from Asia PDF Print E-mail
Friday, 20 February 2015 18:07

By Siegfried Herzog, Regional Director Southeast and East Asia, Friedrich Naumann Foundation for Freedom


Greece and the rest of the European Union countries face an unprecedented showdown these days. The outcome might well affect the world economy to some extent and will thus impact on Asia in one way or the other due to the continuing importance of the European Union for world trade and the financial markets. It also holds lessons for policymakers worldwide, namely that decisions that disregard fundamental economic principles tend to produce unpleasant consequences sooner or later.

Creating the Euro was an audacious undertaking that was mainly motivated by politics: It was meant to bind Europe closer together after German unification. It was also seen as a way to lower transaction costs in Europe and thus complement the fully integrated Common Market. However, economic theory tells us that a currency union works best if the member economies are similar and in sync with each other. This did not really apply to all Eurozone members and it definitely did not apply to Greece. The construction of the Euro therefore included fairly stringent rules, the Maastricht criteria, on the size of public deficits, debt ceilings and individual liabilities for national debt. This was meant to ensure a certain economic synchronicity and robustness. A joint liability for debt was excluded because member countries would then have to pay for fiscal decisions of one member country without being able to influence the decision or discipline errant behavior. This point was crucial for Germany as it wanted to ensure that the new currency would be a strong and stable one – like the Deutsche Mark that it gave up.

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International Society for Individual Liberty World Conference on Market Liberalization in Bali PDF Print E-mail
Tuesday, 17 February 2015 17:00

International Society for Individual Liberty World Conference on Market Liberalization in Bali

June 29-July 3, 2015

You have a unique opportunity to join friends of liberty in one of the most exotic places on Earth — the tropical paradise of Bali. A friend is offering the use of his lavish estate — which looks like a movie location — for our meetings of the 2015 World Conference on Market Liberalization in Bali! Luminaries like Milton Friedman have stayed there. The estate is steps from a range of hotels and B&Bs, and restaurants serving sumptuous but inexpensive cuisine.  There will be opportunities within the conference to enjoy the incredible beauty of the nearby beaches, nature preserves, and ancient temples. And there is lively nightlife. We have economists and followers of Austrian Economics and libertarians all over the world coming together at this conference.  Here you can make new friends and share your ideas, not to mention the great food and environment. You can enjoy even more of exotic Bali by arriving early or staying over.  You won’t want to miss out on this absolutely life-changing event.

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