An overview of policies affecting the role of private enterprise in the growth process The existence of uncertainty in the economic environment means that there are limits to planning. Developing countries have therefore used various combinations of policies to enable and stimulate entrepreneurs to play a leading role in the growth process. An overview.
This paper provides the IMF's projections and estimates of Thailand on basic data; summary of the central and local government tax systems, May 2003; portfolio investment liabilities, debt securities; other liabilities, trade credits, and loans; external debt stocks and flows by creditor group and main debtor; summary of import tariff statistics; average wages, classified by manufacturing categories; population, labor force, and employment by major economic sectors during 1996–2002; construction and the property market; promotional activities of the board investment; selected energy prices during 1996–2003; stock market indicators; foreign investor participation in the securities exchange of Thailand during 1997–2003, and so on.
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This Selected Issues report on Thailand discusses the rapid growth years of the country before and after the 1997 balance-of-payments crisis. The report discusses development of the crisis and the steps taken to normalize the situation; credit growth before and after the crisis; public debt dynamics in the aftermath of the crisis; export performance before and after the crisis; and an analysis of the role of fiscal policy that led to the 1997 crisis. The report also highlights weaknesses that were threatening the sustainability of Thailand's economic growth.
This Selected Issues paper reviews the aggregate balance-sheet analysis that describes the improvement in Thailand's overall balance sheet since the crisis, and also highlights the potential vulnerabilities. It assesses the public debt and contingent liabilities, and developments in the banking sector. It discusses the operations of Specialized Financial Institutions and related regulatory issues, the financial and corporate sector restructuring, and also presents an overview of developments in nonperforming loans and assets. It reviews the growth without credit feature of Thailand, which explains how firms have financed their operations after the crisis.
This Selected Issues paper and Statistical Appendix examines the channels of monetary policy transmission in Thailand. The main findings are that changes in monetary policy are associated with changes in real output, and that the main channel for transmission is not bank lending but asset prices. The paper takes stock of the performance of the Thai corporate sector emerging from the crisis and discusses remaining challenges and vulnerabilities. An assessment of Thailand’s fiscal vulnerability is also presented.