Immoral capitalism: The need for a new approach

Thongpakde, Nattapong; Mongsawad, Prasopchoke; Bergsteiner, Harald

doi:10.4324/9781003117605-4

Cited by 2 publications

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“…Responding to the rise of ESD, Thailand has move forwarded with its educational reform. The 1997 Asian financial crisis has adversely affected the country due to immoral capitalism, unsustainable thinking and imbalanced development (Thongpakde, Mongsawad, & Bergsteiner, 2016), plus lack of ESD. In 2001, an educational reform toward ESD was started by the Ministry of Education as it decided to build sufficiency thinking into the national basic curriculum (Dharmapiya & Saratun, 2016).…”

Section: Introductionmentioning

confidence: 99%

Empirical Research on Education for Sustainable Development in Sufficiency-Based Schools

Suriyankietkaew¹,

Hallinger²

2018

EJSD

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Education for sustainable development becomes a mantra for scholars worldwide. Yet, empirical research in the field of education for sustainable development is underdeveloped, especially in an emerging Asian economy of Thailand. Thailand has progressed toward education for sustainable development with its sufficiency-based school movement to advance sustainability in education. It aims to develop and promote a whole-of-school approach to apply sufficiency thinking for sustainable development to all school activities from management and student activities to community partnerships. Sufficiency thinking is based on a framework of Sufficiency Economy Philosophy‖ (SEP)-an alternative approach to sustainable development, as advocated by UNDP and resonated with UN SDG Goals. To advance the limited knowledge in the field, this research paper empirically investigates what school management practices/factors, based on the SEP theoretical framework, can significantly predict enhanced education for sustainable development in schools. Survey data stem from 240 schools in Thailand. Based on results of factor analysis, a research model for educational sustainability was emerged and proposed. Findings from multiple regression analysis suggest that SEP principles, namely virtues, prudence, stakeholder focus and enabling culture, are significant predictors of enhanced education for sustainable development in Thailand, possibly applicable in other countries.

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Section: Introductionmentioning

confidence: 99%

Empirical Research on Education for Sustainable Development in Sufficiency-Based Schools

Suriyankietkaew¹,

Hallinger²

2018

EJSD

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“…360 ASEAN's consensus process raises a question as to the steps to be taken if the consensus fails. A reliance on consensus implies an inability to display ASEAN's distinct legal character 361 of having a separate identity from its member states and imposing a separate entity's responsibilities upon its own organs 362 -due to the decision-making process, which still depends on states' willingness. As ASEAN activities become more articulated and economic-related in nature, the reliance on consensus seems to be too restrictive for making decisions.…”

Section: (C) Rule-making Processmentioning

confidence: 99%

ASEAN Way: Challenges to ASEAN Capital Market Integration

Srinopnikom

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This research argues that the ASEAN Way of respecting sovereignty, non-interference, consensus and flexibility causes partial success of ASEAN capital market integration. Although the ASEAN Way is vital to the existence of ASEAN, and there are several innovations that were built on the basis of the ASEAN Way, such as regional cooperation concerning bond market development, financial services liberalisation and investor protection. However, the ASEAN Way has significantly influenced the intensity of institutionalisation and legalisation processes of ASEAN regionalisation. Critically, there remain significant disparities in the regulatory, normative, and cognitive institutions in the financial markets among the ASEAN countries. This research argues that the ASEAN Way is the strong point of ASEAN, whose elasticity prevents the institution from falling apart; however, the ASEAN Way has critically influenced the institutionalisation and legalisation processes of ASEAN, and at the same time has caused implementation gaps across ASEAN member countries. This research uses a comparative analysis between ASEAN and the existing, global financial cooperation, for instance, the EU, in order to distinguish the distinctive characters and the influences of the ASEAN Way on regional capital market integration. It then compares the implementation efforts of ASEAN members to investigate how the ASEAN Way triggers discrepancies among ASEAN members that eventually impede the goal of integrating the regional capital markets.

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Immoral capitalism: The need for a new approach

Cited by 2 publications

References 0 publications

Empirical Research on Education for Sustainable Development in Sufficiency-Based Schools

Empirical Research on Education for Sustainable Development in Sufficiency-Based Schools

ASEAN Way: Challenges to ASEAN Capital Market Integration

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