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.
General
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