Thailand's development strategy and growth performance

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    Thailand’s development strategy has been strongly market-oriented and open to trade and investment flows with the rest of the world. Since the late 1950s, its growth performance has been outstanding. Poverty incidence has declined dramatically, but economic inequality has increased. Economic progress has been reflected in very significant improvement in non-economic indicators of well-being such as life expectancy, infant and maternal mortality, and literacy. Nevertheless, the performance of the education system is chronically poor. Environmental problems and institutional failures in resource management are ongoing. Reform is needed in several areas, including political and corporate governance, regulation of industry, and in the education and health systems.
    Original languageEnglish
    Title of host publicationAchieving Development Success: Strategies and Lessons from the Developing World
    Editors Augustin K Fosu
    Place of PublicationOxford, UK
    PublisherOxford University Press
    Pages72-98
    Edition1st
    ISBN (Print)9780199671557
    DOIs
    Publication statusPublished - 2013

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