Thailand - Social and Structural Review : Beyond the Crisis - Structural Reform for Stable Growth

Thailand - Social and Structural Review : Beyond the Crisis - Structural Reform for Stable Growth

Following the East Asian financial crisis, the Bank's involvement in Thailand intensified, enabling a multifaceted stabilization, and structural reform dialogue, which deepened the economic, financial, and sector knowledge of the country. The...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	FINANCIAL CRISES SOCIAL REFORM STRUCTURAL ADJUSTMENT POLICY REFORM ECONOMIC CRISIS POVERTY REDUCTION SOCIAL PROGRAMS MACROECONOMIC STABILIZATION STRUCTURAL REFORMS LABOR MARKETS UNEMPLOYMENT POVERTY MITIGATION SOCIAL ASSESSMENTS CAPACITY BUILDING FISCAL ADJUSTMENTS FINANCIAL INSTITUTIONS PRUDENTIAL REGULATIONS PRIVATE SECTOR DEVELOPMENT CORPORATE RESTRUCTURING COMPETITIVENESS PRODUCTIVITY GROWTH ACCESS TO INFORMATION ACCOUNTABILITY AGGREGATE DEMAND AGRICULTURE ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUDITING AUDITORS AUTHORITY AUTONOMY BALANCE OF PAYMENTS BALANCE SHEETS BANK BRANCHES BANK OF THAILAND BANK RECAPITALIZATION BANK RESTRUCTURING BANK SUPERVISION BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKRUPTCY BENCHMARKS BONDS BUDGETARY ALLOCATIONS BUSINESS ENVIRONMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANK LAW CITIZENS CIVIL SERVICE CIVIL SOCIETY CLASSIFIED LOANS COLLUSION COMMERCIAL BANKS COMMERCIAL PROPERTY COMMUNITY PARTICIPATION COMPARATIVE ADVANTAGE COMPETITION POLICY CONNECTED LENDING CONSTITUTION CORPORATE GOVERNANCE CORPORATE SECTOR CREDIT RISK CREDIT RISK MANAGEMENT CRISES DEBT DEBT RESTRUCTURING DECENTRALIZATION DEPOSIT INSURANCE DEVALUATION ECONOMIC BEHAVIOR ECONOMIC GROWTH ECONOMIC STABILITY EMERGING MARKETS EMISSIONS EMPLOYMENT ENTERPRISE REFORM ENVIRONMENTAL DEGRADATION ENVIRONMENTAL PROTECTION EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORTS FINANCIAL ACCOUNTING FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DISCIPLINE FINANCIAL HEALTH FINANCIAL INTERMEDIATION FINANCIAL RESTRUCTURING FINANCIAL RISK FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL FISCAL POLICIES FISCAL POLICY FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN CAPITAL FLOWS FOREIGN OWNERSHIP FREE TRADE GDP PER CAPITA GOOD GOVERNANCE GOVERNANCE REFORM GOVERNANCE REFORMS GOVERNMENT INTERVENTION GOVERNMENT POLICY GOVERNMENT PROGRAMS GROWTH PERFORMANCE GROWTH RATE HUMAN CAPITAL HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT IMPORTS INCOME INCOME DISTRIBUTION INCOME GROUPS INCOME INEQUALITY INSOLVENCY INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL MECHANISMS INTERNATIONAL BANKING LABOR COSTS LABOR FORCE LABOR MARKET LAND USE LAWS LEGAL FRAMEWORK LEGAL PROTECTION LEGAL SYSTEM LEVELS OF GOVERNMENT LOCAL ADMINISTRATION LOCAL GOVERNMENTS MARKET CONFIDENCE MERGERS MIGRATION MINISTERS MINISTRY OF FINANCE MONETARY AUTHORITIES NATIONS NATURAL RESOURCES NONPERFORMING LOANS PARLIAMENT POLLUTION POLLUTION CONTROL POVERTY ALLEVIATION PRICE FIXING PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC INSTITUTIONS PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT REAL GDP REAL SECTOR RECAPITALIZATION REGULATORY FORBEARANCE REGULATORY FRAMEWORK REGULATORY MEASURES REGULATORY REGIME REGULATORY REGIMES RESOURCE USE RISK TAKING SAFETY NETS SECURITIES SERVICE DELIVERY SOCIAL CAPITAL SOCIAL DEVELOPMENT SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIOECONOMIC DEVELOPMENT STATE ENTERPRISE STATE ENTERPRISES STATE-OWNED ENTERPRISES SUBNATIONAL LEVELS SUSTAINABLE GROWTH TAX COMPLIANCE TAX INCENTIVES TAX RATE TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRANSPARENCY TRANSPORT WAGES WASTE MANAGEMENT WATERSHED WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2000/01/438959/thailand-social-structural-review-beyond-crisis-structural-reform-stable-growth http://hdl.handle.net/10986/15105

Description
Summary:	Following the East Asian financial crisis, the Bank's involvement in Thailand intensified, enabling a multifaceted stabilization, and structural reform dialogue, which deepened the economic, financial, and sector knowledge of the country. The study benefits from this analytical work, and provides an overview on the ongoing policy dialogue, regarding short- and medium-term reform, through a number of instruments. To promote longer-term growth, the country embarked on a twin strategy of macroeconomic stabilization, and structural reform. Although its flexible labor market, and support mechanisms diminished the crisis' impact on unemployment, and poverty, compared to other countries in the region, this ability to moderate the impact of the economic crisis, could adversely impact a prolonged crisis. The study examines steps to strengthen public sector social programs, and institutional capacity, envisaging coherent poverty support programs in a timely manner, while speeding fiscal stimulus effects, and, monitoring poverty through reliable information, to ensure cost-effectiveness. The financial sector reform is reviewed, focusing on restructuring financial institutions, while upgrading prudential regulations. Practices to improve private sector development are reviewed, i.e., promote corporate restructuring, and competition, and, improve factors of production, while promising a stable growth.

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