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Thailand - Systematic country diagnostic : getting back on track - reviving growth and securing prosperity for all (Vol. 2) : Executive summary (English)

Thailand has made tremendous progress toward the twin goals of eliminating extreme poverty and boosting shared prosperity. Notably, Thailand has achieved these gains despite high political instability, with short-lived constitutions and frequent military coups. However, continued instability could affect future growth and prospects for shared income gains. Moreover, poverty and inequality continue to pose significant challenges. Slower growth than in the past, if it continues, will constrain further progress in reducing poverty and promoting inclusion. The Systematic Country Diagnostic (SCD) of Thailand identifies paths to foster higher productivity -driven growth and shared prosperity. The SCD aims to help the country, the World Bank Group (WBG), and other partners identify key priority or focus areas for progress toward sustained poverty reduction and shared prosperity. The analysis presented is not limited to areas or sectors where the WBG is currently (or anticipates to be) active but rather focuses on the country’s key development challenges and the underlying constraints to meeting the objective of growth leading to shared prosperity and poverty reduction. Where appropriate, the analysis contrasts the experience of Thailand with its neighbors and peers. This SCD is organized as follows. It begins with an overview of the country context, describing some distinctive country features that have affected Thailand’s development. It then takes a closer look at economic growth in Thailand, analyzing key trends and the likely prospects for future growth. Against this backdrop, recent progress in reducing poverty and promoting inclusion is examined, with a focus on understanding the factors that drive or constrain inclusive growth. The risks to Thailand’s growth and its inclusiveness and sustainability going forward are then discussed. Based on this analysis as well as inputs from extensive consultations with government and other stakeholders, some key priority areas for ensuring strong, inclusive, and sustainable growth in Thailand are proposed.

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  • Author

    Sondergaard,Lars M., Luo,Xubei, Jithitikulchai,Theepakorn, Poggi,Cecilia, Lathapipat,Dilaka, Kuriakose,Smita, Sanchez Martin,Miguel Eduardo, Reungsri,Thanapat, Mohib,Shabih Ali, Chavapricha,Roma, Peamsilpakulchorn,Pajnapa, Arin,Tijen

  • Document Date

    2016/11/07

  • Report Number

    110396

  • Volume No

    2

  • Total Volume(s)

    4

  • Country

    Thailand,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2017/03/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Executive summary

  • Keywords

    Flood and Drought Risk Management;intergovernmental panel on climate change;vulnerability to natural disasters;Upper Middle Income Countries;private investment in infrastructure;access to safe water;energy efficiency resource standard;Agricultural Research and Extension;safety net program;social protection system;number of workers;commodity support program;agricultural and food;religion and culture;food processing industry;agricultural sector;culture and religion;availability of resource;Social Safety Nets;electronic payment system;engine of growth;green growth;carbon emission;labor productivity;per capita income;transport management system;public transportation network;movement of people;access to finance;environment and development;high growth rate;Growth and Trade;demand side management;Poverty & Inequality;national poverty line;Public Procurement System;supply of labor;source of energy;energy demand growth;vehicle fuel efficiency;energy efficient technology;improving energy efficiency;agricultural growth;program leader;political stability;skilled workforce;urban agricultural policy;lagging region;Natural Resources;extreme poverty;basic price;multiple dimension;Manufacturing;manufacturing sector;social cohesion;competitive edge;foreign investor;income gain;political turmoil;productivity growth;power producer;poor household;targeted program;reform priorities;social concern;household data;political will;infrastructure program;Global Warming;rail transport;export market;leather products;financial account;household income;smallholder farmer;irrigation investment;drawing boards;wood product;land rental;subsidiary right;fiscal space;financial crisis;agricultural program;flash flood;formal economy;civil society;spatial disparities;large-scale infrastructure;export growth;energy price;government regulation;significant challenge;vested interests;Environmental Policy;Job Creation;judicial system;Water Shortage;good policy;turnkey contract;sediment load;power trade;political group;public finance;governance challenge;Coral Reef;energy authority;job growth;gas trading;market rule;social security;grid code;Energy Sector;petroleum product;cleaner energy;excise tax;Basic Sanitation;power supply;subsidy policy;coal-fired power;agricultural productivity;vulnerable group;firm survey;budgetary resource;political conflict;low-skilled job;small school;economic prosperity;school autonomy;Fiscal Sustainability;safety program;human capital;social tension;export good;financial distress;high-value product;household use;productivity gap;improving productivity;turnover rate;land zoning;agricultural price;institutional climate;technology absorption;open economy;domestic competition;national innovation;trade integration;foster competition;technology spillover;increased investment;productivity gain;infrastructure constraints;head start;aggregate productivity;global commodity;domestic policies;aggregate poverty;farm income;household level;regional variation;effective policies;literature review;policy priority;productive sector;cross-border trade;multimodal transportation;saline intrusion;ongoing support;political instability;environmental damage;constitutional monarchy;social pension;pension scheme;fiscal policy;positive spillover;fiscally sustainable;applicable law;sustainable livelihood;school child;competitive neutrality;regulatory environment;business sector;coastal area;climate resilience;quality education;infrastructure delivery;productivity level;divided societies;regional disparity;productive employment;young people;high-speed communication;conservation behavior;Fiscal policies;product market;coastal flood;public-private partnership;

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Citation

Sondergaard,Lars M. Luo,Xubei Jithitikulchai,Theepakorn Poggi,Cecilia Lathapipat,Dilaka Kuriakose,Smita Sanchez Martin,Miguel Eduardo Reungsri,Thanapat Mohib,Shabih Ali Chavapricha,Roma Peamsilpakulchorn,Pajnapa Arin,Tijen

Thailand - Systematic country diagnostic : getting back on track - reviving growth and securing prosperity for all (Vol. 2) : Executive summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/775701488438484718/Executive-summary