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Thailand in the New Asian Economy: The Current State and Way Forward

  • Pichit Patrawimolpon

    (Bank of Thailand)

  • Runchana Pongsaparn

    (Bank of Thailand)

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    The ‘New Asian Economy’ is characterised by a rapidly rising role of China and India in the global economy along with further expansion of the already significant role of the Asian economies, e.g. Japan, Korea and Singapore, etc. with both positive and negative implications. This paper attempts to analyse the impacts of these global developments on Thailand and Thailand’s adjustments as well as impacts on the overall economy. Both macro and micro data are used within the context of existing policies as a groundwork towards identification of the appropriate ways forward. Various options are open to Thailand with substantial benefits as well as enormous costs on the Thai economy.

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    Paper provided by Economic Research Department, Bank of Thailand in its series Working Papers with number 2006-02.

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    Length: 52 pages
    Date of creation: Feb 2006
    Date of revision:
    Handle: RePEc:bth:wpaper:2006-02
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    1. Alice H. Amsden & Wan-wen Chu, 2003. "Beyond Late Development: Taiwan's Upgrading Policies," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011980, June.
    2. L.R. de Mello Jr., 1996. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data," Studies in Economics 9615, School of Economics, University of Kent.
    3. Theodore H. Moran, 1998. "Foreign Direct Investment and Development: The New Policy Agenda for Developing Countries and Economies in Transition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 53.
    4. Kokko, Ari & Blomstrom, Magnus, 1995. "Policies to encourage inflows of technology through foreign multinationals," World Development, Elsevier, vol. 23(3), pages 459-468, March.
    5. Assaf Razin & Efraim Sadka & Chi-Wa Yuen, 1999. "Excessive FDI Flows Under Asymmetric Information," NBER Working Papers 7400, National Bureau of Economic Research, Inc.
    6. Lall, Sanjaya, 1980. "Vertical Inter-Firm Linkages in LDCs: An Empirical Study," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 42(3), pages 203-26, August.
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