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Thailand - Systematic country diagnostic : getting back on track - reviving growth and securing prosperity for all (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.

Details

  • Author

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

  • Document Date

    2016/11/10

  • Report Number

    110396

  • Volume No

    1

  • Total Volume(s)

    4

  • Country

    Thailand,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2016/11/21

  • Disclosure Status

    Disclosed

  • Doc Name

    Thailand - Systematic country diagnostic : getting back on track - reviving growth and securing prosperity for all

  • Keywords

    vulnerability to natural disasters;Flood and Drought Risk Management;Upper Middle Income Countries;access to safe water;multilateral investment guarantee agency;private investment in infrastructure;vulnerability to climate risks;energy efficiency resource standard;total factor productivity growth;average per capita income;net job creation;access to the internet;Agricultural Research and Extension;labor productivity;safety net program;high growth rate;Poverty & Inequality;energy demand growth;source of energy;commodity support program;demand side management;improving energy efficiency;energy efficient technology;natural resource depletion;Social Safety Nets;movement of people;Minimum Wage Policy;women in politics;agricultural and food;social protection system;transport management system;public transportation network;environment and development;vehicle fuel efficiency;food processing industry;Growth and Trade;availability of resource;electronic payment system;engine of growth;religion and culture;supply of labor;number of workers;access to finance;culture and religion;national poverty line;extreme poverty line;Public Procurement System;source of revenue;investments in infrastructure;accumulation of capital;measure of poverty;years of schooling;Human Immunodeficiency Virus;net enrolment rate;millennium development goal;multiple dimension;political stability;carbon emission;competitive edge;agricultural price;political instability;agricultural growth;green growth;agricultural sector;program leader;poor household;shared growth;policy priority;constitutional monarchy;financial crisis;vulnerable group;export growth;hourly wage;skilled workforce;foreign investor;Labor Market;poverty change;basic price;social cohesion;Basic Sanitation;lagging region;social security;gini coefficient;bureaucratic quality;manufacturing sector;urban agricultural policy;political turmoil;gas trading;fiscal situation;productivity level;fiscal policy;vested interests;government regulation;school child;good policy;Environmental Policy;fiscal space;public finance;political group;public research;subsidiary right;high poverty;turnkey contract;infrastructure program;export market;pension scheme;social pension;governance challenge;land rental;aggregate poverty;political risk;irrigation investment;enrolment increase;building material;domestic policies;global commodity;agricultural program;civil society;smallholder farmer;enrolment figure;international migrant;drawing boards;asian crisis;large-scale infrastructure;financial account;formal economy;Fiscal policies;young people;aggregate productivity;reform priorities;business sector;household data;power supply;urban school;military coup;coal-fired power;social concern;annual consumption;political will;turnover rate;interim strategy;productive employment;regulatory environment;regional disparity;capital expenditure;divided societies;quality education;infrastructure delivery;equipment manufacturer;government initiative;low-skilled job;institutional climate;power producer;energy price;improving productivity;productivity gap;subsidy policy;effective policies;education level;trade integration;mass communication;cross-border trade;multimodal transportation;productive sector;literature review;applicable law;competitive neutrality;regional variation;household composition;geographic region;household level;fishery sector;productivity differences;farm income;human capital;increased investment;technology spillover;foster competition;Water Shortage;job growth;Global Warming;high-speed communication;capacity utilization;significant challenge;agricultural productivity;equivalent worker;cleaner energy;knowledge gap;corporate profit;rail transport;ongoing support;market rule;petroleum product;high-value product;open economy;grid code;financial distress;domestic competition;judicial system;export good;power trade;Energy Sector;energy authority;national innovation;excise tax;equivalent pay;flash flood;sediment load;saline intrusion

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Citation

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

Thailand - Systematic country diagnostic : getting back on track - reviving growth and securing prosperity for all (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/855161479736248522/Thailand-Systematic-country-diagnostic-getting-back-on-track-reviving-growth-and-securing-prosperity-for-all