Declining Efficiency of Investment It may be useful to tack together the discussion of performance constraints of the Thai economy briefly in perspective. Over the past 2 decades, the Thai economy has been unitary of the best performing economies in the world, characterized by sustained racy addition rates, averaging 10.3% 1985-90, and 8% in the years prior to the crisis (1990-96). This growth was accompanied by a dramatic decline in the incidence of absolute poverty, from 57% in 1962 to 14% in 1992, with per capita income increasing from $700 per annum in the late 1960s, to $2,700 in 1996.
At the analogous time, rapid growth was accompanied by environmental degradation, imaginativeness depletion, and an increasingly unequal distribution of income and wealth. However, on balance a remarkable record of development. During this period of rapid growth and frugal transformation, Thailand became increasingly integrated into the world economy through mete out and investment flows, and production link...If you want to get a luxuriant essay, order it on our website: Orderessay
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