Explaining the Thai Miracle

Download or read book Explaining the Thai Miracle written by Peter G. Warr and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the Southeast Asia papers in the series of 'Economics Division Working Papers'. Subtitled 'Explaining the Thai miracle: dragons, planners and other myths', this paper sets out to explore the reasons why Thailand has managed to achieve economic growth, low inflation and moderate external debt over several decades. The evidence indicates that these achievements were not due to active economic planning, but rather to automatic stabilisers operating through the structure of the fiscal system. Includes figures, tables and references. Produced by the Economics Division of the Research School of Pacific and Asian Studies of the Australian National University, Canberra.