Thailand's Macroeconomic Miracle: Stable Adjustment and Sustained GrowthThis book details how Thailand successfully adjusted its macroeconomic policies during the 1970s and early 1980s so that it was less adversely affected by the prevailing economic turbulence than virtually any other oil-importing developing country. It should be of considerable interest to students of economic development who are looking for an authoritative account of macroeconomic policy making in a fast-growing Asian economy, as well as to aid agencies and international development organizations. |
Contents
Introduction | 1 |
Sources of Economic Conservatism | 19 |
Conclusions | 29 |
Copyright | |
11 other sections not shown
Other editions - View all
Common terms and phrases
adjustment aggregate agriculture average baht balance of payments Bangkok Bank of Thailand boom budget capital flows capital mobility ceiling central bank changes commercial banks commodity component countercyclical current account deficit declined deposits devaluation discretionary domestic interest rate economic growth effect estimated export external shocks Figure fiscal impulse fiscal policy fixed exchange rate foreign borrowing foreign interest rates GDP growth growth rate import prices income growth industry inflation interest rate differentials interest rate parity Japanese yen long-term macroeconomic military million Ministry of Finance monetary base monetary policy money supply Monthly Bulletin national income NESDB nonoil nontradables oil price shock output percent of GDP period petroleum prices planned political public enterprises public investment public sector ratio real GDP response result rice rise role share short run short-term Source Table terms of trade terms-of-trade Thai economy tradables U.S. dollar variable various issues World Bank