What I have mentioned here is only some examples of the earlier and ongoing efforts that the Bank of Thailand was involved in developing the capital market. Going forward, there is still much work to do. The Bank of Thailand will continue to coordinate with other authorities and the private sector in order to move us closer to having a deeper and well structured capital market. Ladies and Gentlemen, In closing, I would like to stress that the underlying fundamentals of the Thai economy remain sound, as evidenced by its continued ability to weather various adverse shocks. While it is uncertain how the current political confrontation will unwind, I am confident that the economy will prevail, as it has done a number of times in the past. Over the longer term however, Thailand will need, among other things, a deeper and stronger capital market in order to grow sustainably. It is therefore in our best interest to promote the development of the Thai capital market and make Thailand an attractive destination for quality investors. For this, we will need your active participation and continued faith in the Thai economy. Thank you very much for your attention. 6  BIS Review 118/2008
In my view, three other major prerequisites are needed in order to foster robust, sustainable growth and durable job creation, namely : the continuation and strengthening of a policy designed to keep in check unit production costs, the improvement of the competitiveness of the economy, through ambitious structural reforms and lastly, the completion of a fully integrated European capital market. Raising the potential output growth and enhancing the competitiveness of the economy: If Europe wants to secure sustainable growth at levels that are as high as possible, the key variable is potential output growth. The level of potential output growth can firstly be raised thanks to investment: business leaders are completely free to invest wherever they want in Europe or elsewhere in the world. It is thus important that we create economic, legal and fiscal conditions that are as favourable as possible to investment in Europe. The investment appeal of Europe is crucial in this respect : the more we invest, the fewer inflationary pressures we will have, and the stronger potential output growth will be. BIS Review 60/2002  1  Another way of raising potential output growth is to increase the quantity of available labour and to boost gains in labour productivity: the fast transformation of information systems is likely to accentuate the structural transformation of the economies.