Speaking of which, everyone no longer has any doubts about the "richest man in Koh Samui". Lin Mu and Cao Degong, two outsiders, now also feel that anyone's success is based on intensive cultivation in the field they are good at. Mr. Zheng Xuan was able to increase the value of a piece of land on a small island on the border of Thailand tens of thousands of times in more than ten years through capital operation, just from his theoretical knowledge that is no less than that of an economist, it can be seen that these are what he deserves, and he gets what he wants, without problems, no insiders, and no cats.

Zheng Xuan concluded by saying that the history of the economic rise of Western countries shows that inefficient tax finance cannot fully meet the demand for raw capital in the initial stage of urbanization. In order to avoid domestic political pressure, external colonial expansion and aggression have become shortcuts for most developed countries to quickly complete capital accumulation. Money is a "flow" that corresponds to the size of the economy as a whole. GDP is only a cross-section of the size of the economy, and does not take into account the difference in "volume" discounted by the credit system at different "speeds" of development. Simply pegging GDP to a currency is bound to be a huge error.

This is why the Western model that preceded the emergence of the Thai model inevitably brought about expansion and conquest, and that the newly rising countries were bound to collide and clash with the already rising ones. Without a convincing explanation of the development model, it is difficult to convince other countries that Thailand's rise will be an exception simply by repeatedly asserting their aspirations.

It was argued that cross-border trade and investment in the era of globalization could help developing countries to choose a model of external accumulation that was not conquered by force. Although this theory comes from Western countries, they don't really believe it themselves, otherwise it would be impossible to explain why they are still deliberately trying to suppress Thai investment and trade. Indeed, after World War II, some isolated economies relied on international trade and investment to complete the accumulation of primitive capital under special political conditions. But that doesn't mean that a medium-sized economy like Thailand can replicate this model.

History has shown that the benefits of market openness to both sides of the transaction are not as unconditional as the "comparative advantage" theory suggests. International investment and trade can not only help Thai companies "conquer cities" around the world, but also facilitate the economic colonization of international capital, and the pros and cons depend on the capital strength of both sides - globalization is only beneficial to the more competitive side.

Why have developed economies been the more competitive side for a long time? An important reason for this is that it can obtain a global competitive advantage by virtue of its well-established "tax-finance" system, which allows it to obtain financing with high efficiency. Therefore, under normal conditions, it is often the countries with the most capital that are most committed to promoting globalization.

But Thailand's "land finance" has broken this rule, creating a more efficient financing model than Western countries in just a dozen years. Thai products sell well in Southeast Asia and are popular all over the world, and Thailand has unexpectedly become a capital power that surpasses the "Asian Tigers".

Anti-dumping, which has historically been an economic tool for developed countries to deal with other developed countries, is now being used against developing countries such as Thailand; In the past, there was a shortage of capital in countries with rapid urbanization, and there was a surplus of capital in countries that have completed urbanization, but now it is the other way around, and it is Thailand that exports capital to developed countries. Behind these "anti-economic common sense" phenomena actually depends on the ultra-high efficiency of the "land finance" financing model.

Thailand's "rapid rise" is due to the financing model of "land finance", which allows Thailand to obtain the "initial credit" necessary for the accumulation of raw capital without external conquest. Efficient capital generation has alleviated the credit hunger in the initial capital accumulation stage, ensuring that the Thai economy is open and profitable in the face of globalization.

Therefore, even in the initial stage of urbanization with a low level of development, Thailand wants to maintain the existing international economic order more than any other country and has more incentive to promote economic globalization. The success of "land finance" has ensured that "rapid rise" has become a built-in option in the Thai model.