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Macro Signals Declining Effici
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It may be useful to put the discussion of performance constraints of the Thai economy briefly in perspective. Over the past 2 decades, the Thai economy has been one of the best performing economies in the world, characterized by sustained high growth rates, averaging 10.3% 1985-90, and 8% in the years prior to the crisis (1990-96). This growth was ....
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....95. However, in 1996 export growth fell practically to 0 per cent, with labor-intensive exports usually identified as the main culprit. Certain factors are generally cited as responsible for this abrupt and dramatic decline:
ยท External factors cited included the emergence of new competitors, with the coming on stream of new production facilities i.... |
| Word count: 879 |
Page count: 4 |
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