Thailand's Growth Path: From Recovery to Prosperity
"Thailand is one of the most successful developing countries. After decades of rapid growth, the economy rebounded quickly from the 1997-98 Asian crisis and is set to continue its expansion into the future. Nevertheless, there are doubts about the resilience of the Thai economy. The country appears to be on a lower growth projectory now than before the crisis. What growth can Thailand realistically expect? And what can the government do to sustain such growth into the future? Using a new methodology for identifying binding constraints to growth (Rodrik 2004 and Hausmann and others 2005), the author argues that Thailand's challenge is to maintain growth levels of 4 to 5 percent over the medium term. To achieve this goal, Thailand needs to continue its efforts of improving business infrastructure, trade integration, and skills, as well as intensifying its governance reforms."--World Bank web site.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
20 percent Agriculture Andrés Velasco Asia Asian crisis average Ayutthaya Baht Bangkok Bank of Thailand billion Brazil capital China Circle Map compared country’s current account debt East Asian countries economic growth exchange rate extended Bangkok area Figure growth accounting growth rates higher Hourly Wages improve income level increased Indonesia Indonesia Korea infrastructure Investment Exports Imports labor force labor-intensive industries Less than Primary Lower Secondary Upper Malaysia Malaysia Korea Malaysia Philippines Monthly Wage Earners monthly wage workers outlaying regions Overall PC GNI percent of GDP Philippines primary education Primary Lower Secondary Real Growth Real Per Capita recovery since 1999 relative labor demand Returns to Education Secondary to Lower Secondary Upper Secondary Secondary Vocational University Section share skilled Suvarnabhumi airport Tambon Thai Thai Baht Thailand Malaysia Thailand’s growth Thailand’s urbanization trade trend Upper Secondary Vocational wage employment World Bank year-old