Thailand's Growth

Paper Summary:

The paper includes analyses of the recent trends in Thailand's economy throughout history with a special focus on the events leading to the "East Asian Market Crisis" of the 1997 which originated in Thailand. The paper provides empirical evidence of what caused the crisis and what has been subsequently done in order to eradicate the negative effects of it on the economy. The paper mentions the future outlook of the economy.

From the Paper:

"The ASEAN countries, or those that form the Association of Southeast Asian Nations, have enjoyed unprecedented economic growth rates in the past 40 years. Although these countries, namely Thailand, Singapore, the Philippines, Indonesia and Malaysia, constitute about 1.5 percent of the world economy (Hill, 832), they share about 5 percent of the world trade which makes their case a highly unique one. How these countries managed to increase their per capita income at an annual average rate of 5.5 percent during 1965-1990 (Rodrik, 13), remains a subject of avid study."

More papers on Thailand's Growth:

• Essay # 60573 : "Small and Medium Enterprises of Thailand"
• Research Paper # 74556 : "Women In Thailand"
• Research Paper # 93792 : "Thailand's Currency Crisis"

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