Economic Development of Thailand

Economic Development of Thailand
Author: Thamnoon Soparatana
Publisher:
Total Pages: 156
Release: 1972
Genre:
ISBN:

This study takes a look at government aid to agriculture in Thailand and attempts to analyze its effectiveness. Only two crops have been aided directly by the government, rice and rubber, though others have undoubtedly benefitted by improvements in the country's infrastructure. The regressions performed on some simple production functions indicate that rice yields have been improved through government programs. The program for rubber largely a subsidy for new plantings, ha as yet not had much impact on yields. This may be due to the fact that the pay-off period is at least seven years. There is also some evidence that maize yields have improved through the opening of new lands by highway and rail. The rest of agriculture in Thailand still largely relies on nature and the Gods to determine output. It may well be true for a change.

Chronicles from the Field

Chronicles from the Field
Author: Robert M. Townsend
Publisher: MIT Press
Total Pages: 163
Release: 2013-04-12
Genre: Business & Economics
ISBN: 0262314169

Lessons learned in the process of designing and implementing one of the longest-running panel data surveys in development economics. Running since 1997 and continuing today, the Townsend Thai Project has tracked millions of observations about the economic activities of households and institutions in rural and urban Thailand. The project represents one of the most extensive datasets in the developing world. Chronicles from the Field offers an account of the design and implementation of this unique panel data survey. It tells the story not only of the origins and operations of the project but also of the challenges and rewards that come from a search to understand the process of a country's economic development. The book explains the technical details of data collection and survey instruments but emphasizes the human side of the project, describing the culture shock felt by city-dwelling survey enumerators in rural villages, the “surprising, eye-opening, and inspiring” responses to survey questions, and the never-ending resourcefulness of the survey team. The text is supplemented by an epilogue on research findings and policy recommendations and an appendix that contains a list and abstracts of published and working papers, organized by topic, using data from the project. Social and economic policies are too often skewed by political considerations. The Townsend Thai Project offers another basis for policy: accurate measurement based on thoroughly collected data. From this, a clear template emerges for understanding poverty and alleviating it.

Structural Transformation — How Does Thailand Compare?

Structural Transformation — How Does Thailand Compare?
Author: Mr.Vladimir Klyuev
Publisher: International Monetary Fund
Total Pages: 30
Release: 2015-03-04
Genre: Business & Economics
ISBN: 1498395333

Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture—a sector that employs a much larger share of the population than is typical for a country at Thailand’s level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process—which made a significant contribution to Thailand’s growth in the past—appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government’s price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy.

Thailand’s Industrialization and its Consequences

Thailand’s Industrialization and its Consequences
Author: Medhi Krongkaew
Publisher: Springer
Total Pages: 402
Release: 1995-06-12
Genre: Business & Economics
ISBN: 1349239097

'Professor Krongkaew is one of Thailands best known academic economists, and he has brought together an impressive number of authorities on the modern Thai economy. The resulting book should be of great value to anyone wanting an authoritative and comprehensive overview of recent developments in one of Asias most dynamic economies.' - Anne Booth, School of Oriental and African Studies, University of London The book is divided into 4 parts. Part 1 gives an overview of Thai industrialization and the roles of agriculture, manufactured exports, direct foreign investment and tourism as major contributors to recent fast economic growth. Part 2 analyses the impact of industrialization on government finance, monetary policy, urbanisation, and household welfare. Part 3 further investigates impact on political development, social values, the environment, and education, health and science and technology. Part 4 looks at a future role of Thailand as a newly industrialized country in Asia.

Economic Development Parables

Economic Development Parables
Author: Winai Wongsurawat
Publisher: Taylor & Francis
Total Pages: 135
Release: 2023-06-01
Genre: Business & Economics
ISBN: 1000924750

Wongsurawat looks at the history of Thailand since the mid-nineteenth century and uses events to elucidate basic economic models and concepts. He selects defining moments in Thailand’s history to convey key economic ideas worthy of classroom discussion. Written without excessive jargon, the chapters connect complex historical phenomena with broader, transportable economic concepts. The cases range from the signing of the Bowring Treaty in 1855, opening Siam to the forces of globalization, to the Asian Financial Crisis that wreaked havoc on the economy in 1997. Key economic terms are also explained. Reconnecting the increasingly distant fields of history and economics, this is an appealing text to researchers with an interest in Thailand’s economic history, as well as undergraduates undergoing an introductory economics course or overseas program in Thailand.