This book details how Thailand successfully adjusted its macroeconomic policies during the 1970s and early 1980s so that it was less adversely affected by the prevailing economic turbulence than virtually any other oil-importing developing country. It should be of considerable interest to
students of economic development who are looking for an authoritative account of macroeconomic policy making in a fast-growing Asian economy, as well as to aid agencies and international development organizations.
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Peter G. Warr, John Crawford Professor of Agricultural Economics, Australian National University. Bhanupong Nidhiprabha, Associate Professor, Faculty of Economics, Thammasat University.
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