Thailand Beyond the Crisis includes recent research to give an accurate and up to date picture of the status of Thailand's economic recovery. The Asian economic crisis began in Thailand and ended a decade of sustained economic boom. This book identifies the role of policy errors involving both the Thai government and the IMF that lead to the crash of the fastest growing economy in the world. Warr addresses the consequences of the crisis, including sharply increased poverty incidence and a backlog of non-performing loans which clogged the banking system, delaying recovery. This book also explores the political consequences of theses events, including the emergence of the populist government of tycoon turned politician Thaksin Shinawatra. Featuring distinguished contributors, including many from Thailand, this survey concludes that Thailand's long term prospects depend on crucial economic reforms. Key content includes: * the Social Consequences of the crisis, and alternatives * public sector reform * implications of a floating exchange rate * education * urbanisation and the environment.
Peter Warr is currently John Crawford Professor of Agricultural Economics at the Australian National University