Puey Ungphakorn

Puey Ungphakorn
ป๋วย อึ๊งภากรณ์
Governor of the Bank of Thailand
In office
11 June 1959 – 15 August 1971
Preceded byJote Guna-Kasem
Succeeded byBisudhi Nimmanhaemin
Rector of Thammasat University
In office
30 January 1975 – 8 October 1976
Preceded byAdul Wichiencharoen
Succeeded byNongyao Chaiseri (acting)
Personal details
Born(1916-03-09)9 March 1916
Bangkok, Siam
Died28 July 1999(1999-07-28) (aged 83)
London, United Kingdom
Spouse
Margaret Smith
(m. 1946)
Children
Alma mater
ProfessionEconomist
Signature
WebsiteCentennial Anniversary at the Wayback Machine (archived 11 June 2017)
Military service
Allegiance
Branch/service British Army
Years of service1942–1945
RankMajor (temporary)[1]
UnitWhite Elephants, Force 136[2]
Battles/warsOperation Appreciation (1944)
AwardsMBE, Military Division

Puey Ungphakorn, MBE (Thai: ป๋วย อึ๊งภากรณ์; RTGSPuai Uengphakon; IPA:[pǔaj ʔɯ́ŋ.pʰāː.kɔ̄ːn]; Chinese: 黃培謙; pinyin: Huáng Péiqiān;[3] 9 March 1916 – 28 July 1999), was a Thai economist who served as Governor of the Bank of Thailand and Rector of Thammasat University. He was the author of From Womb to Tomb: The Quality of Life of a South-East Asian, which to date remains one of the most influential writings about social security in Thailand.

Born to a Thai Chinese family, Puey was a graduate of the first class of Thammasat University,[a] teaching as a lecturer of French until winning a scholarship to study economics at the London School of Economics in 1938. His studies were interrupted by the Second World War, when he joined the Free Thai resistance movement opposed to the pro-Japanese military regime of Plaek Phibunsongkhram. He was captured as a prisoner of war in 1944 after parachuting into Chai Nat Province on a reconnaissance mission.

Puey completed his studies after the war, receiving a doctorate in 1948.[2] He joined the Ministry of Finance in 1949, serving in a progression of senior posts before becoming central bank governor in 1959. At 43, and serving for over 12 years, until 1971, Puey is to date both the youngest person appointed as, and the longest serving, Governor of the Bank of Thailand.[2] As governor, he played a central role in shaping Thailand's economic development policies during the governments of Field Marshals Sarit Thanarat and Thanom Kittikachorn. He also was a proponent of financial co-operation in Southeast Asia, leading to the establishment of regional financial and institutions such as the South East Asian Central Banks Research and Training Centre (SEACEN). He was awarded the Magsaysay Award in the field of government service in 1965.

An active academic, Puey was simultaneously Dean of the Faculty of Economics of Thammasat University from 1964 to 1972.[4] In 1975 he was appointed Rector of Thammasat University, but resigned in protest following the massacre of student protesters on 6 October 1976. Tarred by nationalists as a leftist subversive, he was subsequently forced to flee the country for fear of his safety, residing in the United Kingdom until his death in 1999.

  1. ^ "No. 37704". The London Gazette (2nd supplement). 29 August 1946. p. 4341.
  2. ^ a b c "Prof. Dr. Puey Ungphakorn's Biography". Truth Grace and Righteousness: Prof. Dr. Puey Ungphakorn and the Bank of Thailand (PDF). Bangkok, Thailand: Bank of Thailand. 2015. Retrieved 29 November 2016.
  3. ^ [泰国] 洪林, 黎道纲主编 (April 2006). 泰国华侨华人研究. 香港社会科学出版社有限公司. p. 18. ISBN 962-620-127-4.
  4. ^ Panurach, Patiwat (28 February 1996). "The History of Dr. Puey Ungphakorn". Thammasat University Faculty of Economics. Retrieved 30 November 2016.


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