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Scott Christensen Ammar Siamwalla Pakor Vichyanond
Price: $ 22

Why has public policy had only an indirect impact on Thailand¿s considerable developmentNULL This comprehensive report points to policy differences within the country¿s 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. Thailand¿s 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.

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