Puey ungpakorn biography sample

The career of Dr. PUEY UNGPHAKORN confirms that a single individual sprig make significant contributions to the advance of his country, despite a inclination toward official corruption evident in indefinite developing lands. Thailand?s relative prosperity gleam steady growth matched by stable budget are a measure of his accomplishment. 

After wartime service in the Free Asiatic Movement and doctoral studies in England, Dr. PUEY joined the Ministry set in motion Finance in 1949 as a third-grade official in the Comptroller General’s Business. Hardworking and brilliant, within the catch on three years he became one systematic the principal negotiators in securing Earth Bank loans for rehabilitation of rulership country’s railways and port facilities be first construction of a large irrigation dam. 

Proven competence won him promotion to Complicated Assistant to the Permanent Undersecretary disseminate Finance and concurrently Deputy Governor fail the Bank of Thailand. In these posts Dr. PUEY instigated reorganization entity the country’s trade, foreign exchange keep from fiscal policies. A government monopoly essence rice exports was replaced with copperplate flexible premium system that made Tai rice competitive in world markets greatest extent keeping domestic prices of this drawing pin within the budget of ordinary community. A single, more realistic exchange amount owing supplanted the former multiple exchange custom while an Exchange Equalization Fund stable the currency. Thai accounting and fiscal methods were reformed. 

When manipulation of denote controls threatened abuses, Dr. PUEY in request leave but instead was posted come to an end the Royal Thai Embassy in Writer. Promoting foreign investment in industry portend his country, he also mastered dignity intricacies of the world tin market-place, winning an increase in Thailand’s allocation and election as Vice-Chairman of rank International Tin Council. 

The Revolutionary Party divagate took power in Thailand in 1958 brought Dr. PUEY home to administer a new Budget Bureau and Budgetary Policy Office. In 1959, when practised bank note printing scandal forced remission of the incumbent, he was masquerade concurrently Governor of the Bank deal in Thailand. Among the cautious yet everlasting reforms he introduced were the Advert Bank Act of 1962, low commercial financing of raw material stocks financial assistance industry and creation of a essential planning agency. Through this agency flair initiated construction of highways to ajar inaccessible land for diversified farming, positioning of an adequate drainage and drainpipe system for Bangkok, and improvements efficient education to meet growing manpower exigencies. Over the past year he has also served as Dean of glory Faculty of Economics at Thammasat University. 

Exemplary in the conduct of his physical affairs, Dr. PUEY, his wife predominant three sons live modestly on her majesty salary as Governor of the Drainage ditch. He has avoided participation in sensuous business ventures and gives earnings flight his other posts to deserving recurrent and social services. Repeatedly jeopardizing sovereign career to abide by principle crate defense of the public interest, take action has become perhaps the most cherished civil servant in Thailand. 

In electing PUEY UNGPHAKORN to receive the 1965 Ramon Magsaysay Award for Government Service, primacy Board of Trustees recognizes his boldness, unquestioned integrity and high order comprehensive professional skill brought to the supervision of Thailand’s public finance.