Language:
English
Pages:
Online-Ressource
Edition:
Online-Ausg. World Bank E-Library Archive Also available in print
Series Statement:
Policy research working paper 3912
Parallel Title:
Richter, Kaspar Thailand's growth path
Keywords:
Thailand Economic conditions 1986-
;
Thailand Economic policy 1986-
;
Thailand Economic conditions 1986-
;
Thailand Economic policy 1986-
Abstract:
"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
Note:
Includes bibliographical references
,
Title from PDF file as viewed on 5/10/2006
,
Also available in print.
URL:
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