Jitsuchon, Somchai; Sussangkarn, Chalongphob - Asian Development Bank Institute, Asian Development Bank - 2009
paper ends by discussing strategies to rebalance growth by reducing the dependence on exports as the main growth engine. <p …>The recovery from the 1997 crisis left Thailand more dependent than ever on exports as the main engine of growth, with the ratio of … exports to gross domestic product (GDP) increasing from a precrisis level of about 38% to about 65% recently. The lessons …