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Thailand - Coping with structural change in a dynamic economy (Inglês)

Thailand has maintained the high growth rates of the 1960s and the early 1970s in the latter half of the 1970s. In this period, however, growth has been accompanied by accelerating inflation, growing dependence on foreign borrowing, large budgetary deficits, and less success in furthering poverty alleviation. As a result, Thailand is currently facing severe economic problems. Economic strategy has generally considered only the short term and has favored the modern urban sectors at the expense of the rural. Significant action to correct the policies of the past several years, involving fundamental structural changes in the productive sectors, will be necessary to transform agriculture to more intensive patterns of production and to stimulate more export-oriented industrial production. This report discusses five areas of crucial importance where policy measures should be implemented to ensure satisfactory growth: (i) resource mobilization; (ii) monetary policy; (iii) energy policy and conservation; (iv) industrial policy and measures to promote industrial exports; and (v) agricultural policy and measures to maintain high rates of growth of agricultural production and exports. Reduction of the external and fiscal deficits is essential.


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    Relatório Econômico ou Setorial Pré-2003

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  • Região

    Leste Asiático e Pacífico,

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  • Nome do documento

    Thailand - Coping with structural change in a dynamic economy

  • Palavras-chave

    current account deficit;energy price;gdp growth rate;terms of trade;high growth rate;negative real interest rate;short term capital inflow;external terms of trade;persistent current account deficit;increase in energy price;intensity of land use;balance of payment;public sector deficit;external deficit;consumer price index;demand for import;rate of growth;incidence of poverty;import substitution;poverty alleviation;agricultural production;debt service ratio;oil price increases;public sector expenditure;manufactured export;income growth;difference in income;increase in prices;acceleration of inflation;export growth rate;high energy price;real wage rate;structure of production;interest rate policy;growth in agriculture;interest rate differential;absorption of labor;rural poverty alleviation;energy exporting country;fundamental structural changes;pattern of development;patterns of production;bank of thailand;expansion of export;domestic energy resource;imports of textiles;public sector revenue;impact of debt;rapid export growth;high inflation rate;high value crops;deceleration in growth;implementation of policies;oil import bill;agriculture and industry;economic policy choices;public sector saving;tight fiscal policy;financial sector development;impact of policy;domestic resource mobilization;public sector resource;public investment expenditure;reliance on foreign;current account balance;sectoral growth rate;rate of inflation;population growth rate;extension of credit;amounts of energy;standard of living;allocation of investment;real growth rate;agricultural growth rate;rate of investment;foreign commercial bank;commercial energy consumption;expansion of market;social accounting matrix;domestic energy source;demand for energy;imports of petroleum;foreign direct investment;household survey data;external factor;adjustment program;domestic saving;fiscal deficit;industrial sector;energy policies;external price;price stability;domestic demand;agricultural sector;structural adjustment;urban agricultural policy;simulation model;arable land;average yield;monetary policy;external balance;long-term growth;trade account;government revenue;export orientation;aggregate demand;external resource;trade deficit;cash crop;price distortion;productive sector;aggregate growth;capital good;budgetary deficit;foreign exchange;foreign capital;export sector;water control;fiscal account;rural area;energy import;sanitary districts;economic shock;domestic price;external trade;net transfer;foreign borrowing;urban sector;protectionist policy;Fiscal policies;corrective measure;economic infrastructure;Energy Sector;real gdp;domestic policies;agricultural diversification;adjustment process;trade growth;balanced growth;world economy;poverty indicator;policy option;land availability;gdp deflator;inflationary pressure;average share;productive activity;import growth;industrial growth;capital account;consumer goods;political stability;borrowing requirement;agricultural expansion;export expansion;modern sector;petroleum product;fiscal restraint;domestic production;external environment;



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