Veerathai Santiprabhob: Priorities for emerging nations in a new global environment

Remarks by Dr Veerathai Santiprabhob, Governor of the Bank of Thailand, at the 34th Annual G30 International Banking Seminar, Inter-American Development Bank, Washington DC, 20 October 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
05 November 2019

I would like to first thank the Group of 30, especially Chairman Tharman, for inviting me to be a part of this panel on a very important topic: what should be the priorities for emerging nations in a new global environment, which is changing rapidly, full of unknowns, and driven mainly by factors beyond control of emerging nations.

As we all know, the world is changing rapidly, especially in technology, demography, climate, international trade pattern, domestic politics, and international geopolitics, which affect the structure of our society and economy and the way we conduct our business and policy. All of these rapid changes are challenges for all of us advanced economies and emerging market economies alike.