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Type: Journal article
Title: Financial restructuring and economic growth in Thailand
Author: Anwar, Sajid
Gupta, Desh
Citation: Global Economic Review, 2006; 35(1):113-127
Publisher: Routledge
Issue Date: 2006
ISSN: 1226-508X
School/Discipline: Business School
Statement of
Sajid Anwar and Desh Gupta
Abstract: After a sharp downturn in 1998, the Thai economy has up until 2003 registered a strong growth. There has also been a significant increase in exports as a percentage of the gross domestic product (GDP). While examining the performance of the Thai economy, this paper pays special attention to the factors that contributed to the Asian financial crisis of 1997–1998. Owing to increased financial rather than trade liberalization facilitated by improvements in communications technology, it is virtually impossible to eliminate the possibility of crises in the future. Through sound macro-economic management polices it is however possible to reduce the frequency of crises and their subsequent impact on the real economy. This paper suggests policies that may help to reduce the risk of similar crises in the future
Keywords: Asian financial crisis ; financial restructuring ; Thailand's economic growth
Description: Available online: 18 Aug 2006
Rights: © 2006 Routledge
DOI: 10.1080/12265080500537532
Appears in Collections:Business School publications

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