Macroeconomic policies matter for sustainable long-term growth. With global fluctuations, deviation from a stable growth path can be minimized by countercyclical macro policies, if properly implemented. This book examines Thailand’s 55 years of experience in macroeconomic management and provides valuable lessons for other emerging economies at various stages of development on what could have been done to avoid economic instability. It also examines how short-term complications can develop into perennial problems obstructing the process of economic development.
The book provides an alternative approach to the study of economic growth through the inclusion of both economic history and institutional context, appealing to academics and economists who focus on economic growth, economic development, international macroeconomics, public policy study, business cycles, and the open-market economy.
By:
Bhanupong Nidhiprabha
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions:
Height: 234mm,
Width: 156mm,
Weight: 453g
ISBN: 9780367504182
ISBN 10: 0367504189
Series: Routledge Studies in Development Economics
Pages: 254
Publication Date: 18 December 2020
Audience:
College/higher education
,
Primary
,
A / AS level
Format: Paperback
Publisher's Status: Active
1. The Thai Economy in the Early Years: 1961-1990 2. The Resilience of the Thai Economy: 1991-2005 3. Political Instability, the Coups, and the Underperforming Economy: 2006-2017 4. The Banking Sector: Adjustments to Financial Crises and Business Cycle 5. The Stock Market and Macroeconomy 6. External Imbalances and Macroeconomic Adjustments 7. Exchange Rate Policy: Lessons from the Past 8. Monetary Policy Strategy for Long-term Growth and Stability 9. Impacts of Quantitative Monetary Easing Policy 10. China’s Business Cycle and Impacts on Thailand 11. Fiscal Policy for Long-term Growth and Stability 12. Macroeconomic Perspective of Poverty and Income Distribution 13. Conclusions: Lessons for Emerging Economsies
Bhanupong Nidhiprabha is Professor in Economics at Thammasat University, Bangkok, Thailand. He was also Dean of the Faculty of Economics between 2011 and 2014.
