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Thailand economic monitor : June 2000 (English)

The Thailand economic monitor reviews major developments and challenges in the areas of poverty reduction, the real economy, financial and corporate sector reform, public sector reform, and medium-term competitiveness. This economic monitor depicts an economy in expansion that is likely to recover its pre-crisis levels of output and welfare within two or three years. As the economy recovers, the major challenge is to maintain the momentum of institutional and policy reform and to shift the focus from crisis management to medium-term economic and social development. The monitor shows that while the policy and institutional framework is largely in place, implementation in some areas needs to be accelerated. Thailand needs to more rapidly reduce the volume of non-performing loans and to improve the pace and quality of corporate debt restructuring, while improving the effectiveness of its bankruptcy and debt recovery laws. A critical part of the reform program will be to provide momentum to development and usage of information technology - an area where Thailand is currently lagging - but which will be essential for the country to compete in the new knowledge economy. This monitor responds to increasing demand for information on Thailand's reform program.

Details

  • Author

    Ghani,Ejaz

  • Document Date

    2000/06/01

  • Document Type

    Working Paper

  • Report Number

    66381

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Thailand,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2012/01/31

  • Disclosure Status

    Disclosed

  • Doc Name

    Thailand economic monitor : June 2000

  • Keywords

    unemployment rate;community poverty;rate of return to capital;personal computers per 1,000 people;Small and Medium Scale Enterprise;private consumption;poverty incidence;foreign direct investment;safety net program;Policy and Institutional Framework;average real wage;high level of employment;short period of time;competitive real exchange rate;per capita public expenditure;net expenditure;Fiscal policies;corporate restructuring;fiscal policy;private investment;capacity utilization;quality of bank;local capacity building;Corporate Debt Restructuring;world market share;manufacturing production;economic recovery;corporate sector;school lunch program;trade policy reform;higher interest rate;repair and maintenance;structure of taxes;unemployment insurance system;bank of thailand;share of children;capital goods import;in kind transfer;expansion of export;management and administration;sources of fund;total labor force;lack of transparency;propensity to consume;average capacity utilization;total public expenditure;gdp growth rate;return to education;minority shareholder protection;quality of education;skill and technology;community capacity building;quality of learning;improving service delivery;obstacles to e-commerce;secondary education enrollment;quality control mechanism;public health expenditure;financial sector restructuring;population by region;human resource management;capital market development;list of asset;Public Debt Management;weak legal framework;knowledge based economy;public sector reform;public sector institution;income transfer program;losses on bank;external developments;Fiscal Stimulus;corporate governance;social program;participation rate;downside risk;Real estate;disposable income;consumer good;productivity gain;monetary policy;educational system;construction sector;export sector;raw material;consumer goods;banking sector;Macroeconomic Policy;asian countries;domestic saving;stock market;stock index;civil society;sectoral performance;Social Protection;Higher Education;Labor Market;citizen participation;employment generation;underlying asset;crisis management;medium-term outlook;fundamental changes;employment creation;government support;export performance;adversely impact;output gap;social justice;commodity price;production license;working capital;Trade Policies;total employment;Fiscal Sustainability;nonperforming loan;skill development;public policy;small loan;Revenue Management;financial conglomerate;insider lending;capital adequacy;risk profile;blanket guarantee;depositor protection;corporate behavior;import surcharges;real gdp;corporate profit;consumption growth;industrial sector;bank investment;credit growth;weak bank;credit demand;Bank Credit;transport institution;iron rod;iron sheet;domestic credit;financial intermediation;introducing competition;trade sector;hardware producer;electronic component;investment opportunities;foreign investor;future productivity;profit margin;female population;social data;supply side;alternative policy;redistributive impact;oil refinery;petroleum product;average employment;manufacturing sector;debt restructure;financial opportunity;community promotion;democratic governance;savings group;unskilled worker;monthly transfers;Cash Transfer;draft bill;regional airport;community-based development;debt collection;consumer welfare;quality growth;technology upgrading;fraudulent practice;skill shortage;state bank;educational opportunity;legal liability;voluntary agreement;beneficiary framework;equity aspect;employment program;public intervention;accounting standards;institutional weakness;social policies;low-income household;management companies;bankruptcy court;applied tariff;total debt;distressed asset;school autonomy;certified accountant;early retirement;internet host;state agency;supervisory regime;technological capability;expanding enrollment;finance education;airport authority;social policy;public offering;legal basis;foreign finance;privatization agenda;skilled manpower

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Citation

Ghani,Ejaz

Thailand economic monitor : June 2000 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/541551468171883006/Thailand-economic-monitor-June-2000