{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: NEW YORK: THAI PRIME MINISTER CHUAN LEEPAI VISIT' data-url='/boclips/videos/5c54bce2d8eafeecae12feec' data-video-url='/boclips/videos/5c54bce2d8eafeecae12feec' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: NEW YORK: THAI PRIME MINISTER CHUAN LEEPAI VISIT\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEng/Thai/NatThe leader of Thailand has given an unusually blunt assessment of his country's economic problems, which he said began because Thailand was \"too complacent\" during its period of rapid economic growth.But Prime Minister Chuan...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEng/Thai/Nat\u003cbr/\u003eThe leader of Thailand has given an unusually blunt assessment of his country's economic problems, which he said began because Thailand was \"too complacent\" during its period of rapid economic growth.\u003cbr/\u003eBut Prime Minister Chuan Leekpai said he held out hope that his country was well on the way towards recovering from its financial crisis.\u003cbr/\u003eSpeaking on the first day of a visit to the U-S, Chuan promised to continue his government's close cooperation with the International Monetary Fund, and called on Japan to open up its markets to help South East Asian countries out of their economic turmoil.\u003cbr/\u003eThe Thai Prime Minister arrived in New York on Wednesday to discuss his country's economic woes with its Western business partners. \u003cbr/\u003eSpeaking at a reception hosted by the Council on Foreign Relations and the Asia Society, Chuan admitted that his country had failed to impose sufficient economic discipline on itself during the economic boom of the early 1990s, and was now paying the price.\u003cbr/\u003eBut he gave assurances that Thailand was committed to working with the I-M-F to pull itself out of its current economic difficulties, despite the tough measures imposed by the institution in return for its help.\u003cbr/\u003eSOUNDBITE: (English) \u003cbr/\u003e\"Our relationship with the International Monetary Fund is key to the revival of market confidence and economic recovery.  We see  commitment, consultation and transparency as the cornerstones of the relationship.  We have fully met the I-M-F's requirements to\u003cbr/\u003estrengthen fiscal monetary and financial discipline, by making the\u003cbr/\u003etough decisions to reduce our expenditure, to raise taxes, and to close more than half of all our finance companies.\" \u003cbr/\u003eSUPER CAPTION: Chuan Leekpai, Thai Prime Minister\u003cbr/\u003eThailand was the first Asian nation to succumb to the financial crisis last summer that quickly spread throughout the region.\u003cbr/\u003eBut Chuan said that the economic depression had wider reaching implications which touched nations on other continents. \u003cbr/\u003eHe said on Wednesday that it was in the interests of the G-7 group of industrialised nations to help out those countries in need.\u003cbr/\u003eSOUNDBITE: (Thai with sequential English translation)\u003cbr/\u003e\"I believe the major economic powers, the G-7 have an important role to play because they are the major creditors of the countries in crisis.  And those countries, the G-7 countries could serve as important markets for the countries in crisis.\" \u003cbr/\u003eSUPER CAPTION: Chuan Leekpai, Thai Prime Minister\u003cbr/\u003eHe also called on Japan to make its markets accessible to the crisis- stricken South East Asian region.\u003cbr/\u003eSOUNDBITE: (Thai with sequential English translation)    \u003cbr/\u003e\"For example, if Japan were to open its market more it would have an important effect upon the resolution of the crisis in the affected countries.\" \u003cbr/\u003eSUPER CAPTION: Chuan Leekpai, Thai Prime Minister\u003cbr/\u003eIn the short term, Chuan admitted that things could get worse for Thailand, with unemployment set to continue rising.\u003cbr/\u003eHe said his government's immediate priorities include further stabilisation of its currency, the baht, and assisting the poor and unemployed.\u003cbr/\u003ePolitical reform, including greater disclosure of both government and private financial difficulties, are to have a crucial role to play in this. \u003cbr/\u003eWhilst in the U-S, Chuan has also asked Washington to find alternative buyers for eight fighter jets, worth 392 (m) million U-S dollars, which Thailand had ordered but cannot now afford to pay for.\u003cbr/\u003eIt is not yet known whether Washington plans to sell the planes to another country or will purchase them for the U-S military.\u003cbr/\u003eNew York City, USA, March 11, 1998\u003cbr/\u003e1. Wide shot press briefing, zoom in on Leekpai \u003cbr/\u003e2. SOUNDBITE (English) Chuan Leekpai, Thai Prime Minister\u003cbr/\u003e3. Wide shot auditorium\u003cbr/\u003e4. SOUNDBITE (Thai with sequential English translation) Chuan Leekpai, Thai Prime Minister\u003cbr/\u003e5. Various shots audience \u003cbr/\u003e6. SOUNDBITE (Thai with sequential English translation) Chuan Leekpai, Thai Prime Minister\u003cbr/\u003e7. Audience applauding\u003cbr/\u003e8. Chuan Leekpai steps down from auditorium\u003cbr/\u003e9.  Chuan Leekpai walks away from press conference hall \u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003easia, southeast asia, new york, japan, countries, north america, thailand, east asia, economy, business\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003egovernment and politics, united states, monetary, market, thailand government, relationship, financial crisis, crisis, group of 7, financial markets\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up 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