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The Lessons of East Asia Ser.: Thailand : The Institutional and Political Underpinnings of Growth by Ammar Siamwalla, Scott Christensen and Pakor Vichyanond (1993, Trade Paperback)

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Why has public policy had only an indirect impact on Thailandï¿½s considerable developmentNULL This comprehensive report points to policy differences within the countryï¿½s government. First it describes macroeconomic policies that advanced private enterprises, promoted universal education, and created productive state-owned companies. Then the report compares these policies with government interventions that--until recently--heavily favored capital-intensive industries over agriculture and labor-intensive manufacturing. Thailandï¿½s successful economic adjustment program is also examined. This program produced double-digit growth rates in the late 1980s by opening trade, expanding labor-intensive exports, and encouraging foreign direct investment.