Abstract:After a sharp downturn in 1998, the Thai economy has up until 2003 registered a strong growth. There has also been a significant increase in exports as a percentage of the gross domestic product (GDP). While examining the performance of the Thai economy, this paper pays special attention to the factors that contributed to the Asian financial crisis of 1997-1998. Owing to increased financial rather than trade liberalization facilitated by improvements in communications technology, it is virtually impossible to … Show more
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