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External Finance in Thailand's Development
Karel Jansen
其他書名
An Interpretation of Thailand's Growth Boom
出版St. Martin's Press, 1997
ISBN03337211529780333721155
URLhttp://books.google.com.hk/books?id=m8lqQgAACAAJ&hl=&source=gbs_api
註釋Since the 1970s the fluctuations of international finance have been important to the economic fortunes of developing countries, including Thailand. Since 1987 Thailand has experienced high growth, fed by high capital inflows. This book makes a detailed study of the macroeconomic impact of capital inflows during recent years and during an earlier period, in the late 1970s, when growth, and capital inflows, were high. The book shows that questions on the impact of external finance cannot be adequately analysed at the level of economic aggregates. External finance is broken down into its main components: the impact of aid is very different from that of direct foreign investment. Macroeconomic aggregates are also broken down as the response of the government to capital inflows is quite different from that of private corporations. The book analyses the policies that have accompanied the capital inflows.