This paper examines post-crisis export performance in Thailand against the backdrop of pre-crisis experience and ongoing changes in patterns of international production. Following a stage-setting survey of trends and patterns of export performance over the past four decades, it focuses on two key themes central to the current policy debate, namely the implications of China's emergence as a key player in world markets in labour intensive manufactured goods and the link between the crisis-propelled real exchange rate depreciation and export performance. There is strong evidence to suggest that the 'China fear' is vastly exaggerated. Real exchange rate depreciation has been a significant determinant of the post-crisis export recovery. However, the growing importance in the export composition of parts and components within vertically integrated cross-border production processes has tended to weaken the nexus of real exchange rate and export growth.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Australian National University, Economics RSPAS in its series Departmental Working Papers with number
2004-04.
Find related papers by JEL classification: F10 - International Economics - - Trade - - - General F14 - International Economics - - Trade - - - Country and Industry Studies of Trade F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
This paper has been announced in the following NEP Reports: