Thailand: The Road to Sustained Growth

By Erik Offerdal, Kalpana Kochhar, Louis Dicks-Mireaux, Jianping Zhou, Mauro Mecagni, Balázs Horváth

December 13, 1996

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Erik Offerdal, Kalpana Kochhar, Louis Dicks-Mireaux, Jianping Zhou, Mauro Mecagni, and Balázs Horváth. Thailand: The Road to Sustained Growth, (USA: International Monetary Fund, 1996) accessed December 21, 2024

Summary

Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countries, Thailand showed remarkable reslience: price stability was quickly restored, and the Thai economy emerged from this period with strong recovery in growth and investment, in an environment of overall macroeconomic stability. This study examines the evolution of investment and growth and Thailand's macroeconomic and structural policies, with a view to understanding the main factors that have led to this impressive economic performance.

Subject: Economic sectors, Fiscal policy, Labor, Labor costs, Labor markets, National accounts, Private investment, Public enterprises, Real wages, Wages

Keywords: Adjustment experience, Asia and Pacific, Credit growth, East Asia, Export boom, Global, Growth performance, IMF staff estimate, Labor markets, OP, Policy choice, Private investment, Public enterprises, Real wages, Stabilization policy mix, Wages

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1996/012
Stock No:

S146EA0000000
ISBN:

9781557756039
ISSN:

0251-6365

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