Macroeconomic Policy for Emerging Markets: Lessons from Thailand

1st Edition

Bhanupong Nidhiprabha

Published September 19, 2018
Reference - 254 Pages - 170 B/W Illustrations
ISBN 9781138644199 - CAT# Y227912
Series: Routledge Studies in Development Economics


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Macroeconomic policies matter for sustainable long-term growth. With global fluctuations, deviation from a stable growth path can be minimized by countercyclical macro policies, if properly implemented. This book examines Thailand’s 55 years of experience in macroeconomic management and provides valuable lessons for other emerging economies at various stages of development on what could have been done to avoid economic instability. It also examines how short-term complications can develop into perennial problems obstructing the process of economic development.

The book provides an alternative approach to the study of economic growth through the inclusion of both economic history and institutional context, appealing to academics and economists who focus on economic growth, economic development, international macroeconomics, public policy study, business cycles, and the open-market economy.

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