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IV Summary and Conclusions

IV Summary and Conclusions »

Source: Effects of Slowdown in Industrial Countries on Growth in Non-Oil Developing Countries

Series: Occasional Papers

Author(s): Mohsin Khan , and Morris Goldstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 1982

ISBN: 9781557750624

Keywords: oil developing countries, exporters, export growth, oil exporters, oil exporting countries

This paper has examined the relationship between the rate of economic growth in the non-oil developing countries and that in industrial countries, with the intention of appraising the effects of slower indus...

Thailand
			: The Road to Sustained Growth

Thailand : The Road to Sustained Growth »

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

DOI: http://dx.doi.org/10.5089/9781557756039.084

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

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 countrie...

Front Matter

Front Matter »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

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 countrie...

V. Monetary Policy

V. Monetary Policy »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

What role did monetary policy play in the adjustment process in Thailand, and what were the consequences for investment and output? In view of the fixed exchange rate and the relatively open capital account,...

VI. Labor Markets

VI. Labor Markets »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

This section examines the role of labor markets in the adjustment process. In particular, it examines the role of labor market and wage flexibility in bringing about the rapid resource reallocation necessita...

VII. Structural Reforms

VII. Structural Reforms »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

This section focuses on the role that structural reforms have played in generating Thailand’s sustained, rapid economic growth during the past two decades. At the outset, it should be noted that the difficul...

VIII. Conclusions

VIII. Conclusions »

Source: Thailand : The Road to Sustained Growth

Series: Occasional Papers

Author(s): Erik Offerdal , Kalpana Kochhar , Louis Dicks-Mireaux , Jianping Zhou , Mauro Mecagni , and Balázs Horváth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 1996

ISBN: 9781557756039

Keywords: private investment, wages, wage, fiscal policy, adjustment period

Thailand’s adjustment experience during the past 15 years or so has, in general, been impressive. Despite having faced relatively large adverse external shocks in the late 1970s and early 1980s, Thailand, un...