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Achieving Development SuccessStrategies and Lessons from the Developing World$
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Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

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Thailand’s Development Strategy and Growth Performance

Thailand’s Development Strategy and Growth Performance

Chapter:
(p.72) 4 Thailand’s Development Strategy and Growth Performance
Source:
Achieving Development Success
Author(s):

Peter Warr

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0004

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.

Keywords:   Thailand, development strategies, growth, poverty, reform, governance

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