The years 1987 to 1990 stand out as a most remarkable period in Thai economic history. In these four years, the growth rate was at or above 10 per cent per year: double-digit growth. This made Thailand the fastest growing economy of the world at that time (World Bank 1991a). It also made Thailand one of the first developing countries to decisively and successfully recover from the debt crisis and the economic recession of the first half of the 1980s.
KeywordsCapital Flow Computable General Equilibrium Capital Inflow Debt Crisis Portfolio Investment
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