Thailand's growth path
Subtitle: from recovery to prosperity
By: Kaspar Richter
Contributors: World Bank
Series: Policy research working paper -- 3912; Policy research working papers (Online) -- 3912.
Publisher: World Bank
Published: 2006
Place of publication: Washington, D.C
Language: eng
Format: [electronic resource] :
Subjects: Economic conditions; Economic policy
Description: "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.
Notes: Title from PDF file as viewed on 5/10/2006.

Includes bibliographical references.

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Mode of access: World Wide Web.