Public Policy as an Instrument for Public Goods and Services Delivery: A Case Study of Nano Finance Policy Implementation in Thailand


  • Wanchai Suktam


Public Policy, Public Goods and Services, Nano Finance Policy, Informal Debt


          Public policy is a framework or government management instrument in delivering public goods and services for the benefit of the people. That is to help people live well, to have a better quality of life and to have peace and security of the society as a whole. Public policy is, currently, considered to be a complicated and complex issue, due to its extensive scope and a large number of related stakeholders. This article is, thus, intended to describe the concept of public policy as an Instrument for delivering public goods and services to the people. It also seeks to reflect the viewpoint of such public policy through Nano Finance policy implementation under the current Thai government on how the policy affects stakeholders in terms of effectiveness, unintended effects and equity. The study found that; Effectiveness: The government had succeeded in implementing such policy in terms of declining informal debt to almost 15 percent of the informal sector's debt and formal debt. Unintended effects: the policy had a negative or positive effect on the outcome. Equity: The policy promoted access to people and business capital. Especially low-income people who use debt service outside the system and those do not have access to credit services from any financial institution, which increases the economic opportunities and reduces the economic and social inequality.


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