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Thailand's Development Strategy and Growth Performance

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  • Peter Warr

Abstract

Thailand's development strategy has been strongly market-oriented and open to trade and investment flows with the rest of the world. Since the late 1950s, its growth performance has been outstanding. Poverty incidence has declined dramatically, but economic inequality has increased. Economic progress has been reflected in very significant improvement in non-economic indicators of well-being such as life expectancy, infant and maternal morality, and literacy. Nevertheless, the performance of the education system is chronically poor.

Suggested Citation

  • Peter Warr, 2011. "Thailand's Development Strategy and Growth Performance," WIDER Working Paper Series wp-2011-002, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2011-002
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2011-002.pdf
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    References listed on IDEAS

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    1. Jorgenson, Dale W, 1988. "Productivity and Postwar U.S. Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 2(4), pages 23-41, Fall.
    2. David Vines & Peter Warr, 2003. "Thailand's investment-driven boom and crisis," Oxford Economic Papers, Oxford University Press, vol. 55(3), pages 440-466, July.
    3. Young, Alwyn, 1994. "Lessons from the East Asian NICS: A contrarian view," European Economic Review, Elsevier, vol. 38(3-4), pages 964-973, April.
    4. Roong Poshyananda Mallikamas & Yunyong Thaicharoen & Daungporn Rodpengsangkaha, 2003. "Investment Cycles, Economic Recovery and Monetary Policy," Working Papers 2003-04, Monetary Policy Group, Bank of Thailand.
    5. Peter G. Warr, 1999. "What Happened to Thailand?," The World Economy, Wiley Blackwell, vol. 22(5), pages 631-650, July.
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