Abstract
At the end of the Second World War, Thailand was one of the world’s poorest and economically
most backward nations. Its agrarian-based economy had remained stagnant for at least a century and the war itself had caused widespread damage. External observers of the time generally
assessed the country’s economic potential negatively.2
In the seven decades following, Thailand
has developed to an upper-middle-income, semi-industrialised and technologically advanced
economy. But multiple economic and associated social problems remain. This chapter describes
the major economic changes that have occurred, analyses the forces driving them, and attempts
to identify the principal policy priorities for continued progress.
Original language | English |
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Title of host publication | Routledge Handbook of Contemporary Thailand |
Editors | Pavin Chachavalpongpun |
Place of Publication | London |
Publisher | Routledge |
Pages | 36-49 |
Edition | 1st |
ISBN (Print) | 9781138558410 |
Publication status | Published - 2020 |