Title: Thailand's growth path
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.
Subjects: Economic conditions, Economic policy
Places: Thailand
Time periods: 1986-