Abstract

Thailand’s economic growth performance during the past three decades has been impressive. In 1960, per capita gross domestic product (GDP) was only slightly higher than that in India, Pakistan, Ghana, and Morocco and lower than that in Sri Lanka, the Philippines, Argentina, Chile, and Peru. By 1992, however, with per capita GDP estimated at nearly US$4,000 (valued at purchasing-power-parity—PPP—prices), Thailand had far surpassed the average for South Asia as well as that of many Latin American countries that began the period with higher per capita incomes, and it had reduced the gap with its high-performing East Asian neighbors.

Cited By

The Road to Sustained Growth
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