World Bank2013-08-152013-08-152000-01-25https://hdl.handle.net/10986/15105Following the East Asian financial crisis, the Bank's involvement in Thailand intensified, enabling a multifaceted stabilization, and structural reform dialogue, which deepened the economic, financial, and sector knowledge of the country. The study benefits from this analytical work, and provides an overview on the ongoing policy dialogue, regarding short- and medium-term reform, through a number of instruments. To promote longer-term growth, the country embarked on a twin strategy of macroeconomic stabilization, and structural reform. Although its flexible labor market, and support mechanisms diminished the crisis' impact on unemployment, and poverty, compared to other countries in the region, this ability to moderate the impact of the economic crisis, could adversely impact a prolonged crisis. The study examines steps to strengthen public sector social programs, and institutional capacity, envisaging coherent poverty support programs in a timely manner, while speeding fiscal stimulus effects, and, monitoring poverty through reliable information, to ensure cost-effectiveness. The financial sector reform is reviewed, focusing on restructuring financial institutions, while upgrading prudential regulations. Practices to improve private sector development are reviewed, i.e., promote corporate restructuring, and competition, and, improve factors of production, while promising a stable growth.en-USCC BY 3.0 IGOFINANCIAL CRISESSOCIAL REFORMSTRUCTURAL ADJUSTMENTPOLICY REFORMECONOMIC CRISISPOVERTY REDUCTIONSOCIAL PROGRAMSMACROECONOMIC STABILIZATIONSTRUCTURAL REFORMSLABOR MARKETSUNEMPLOYMENTPOVERTY MITIGATIONSOCIAL ASSESSMENTSCAPACITY BUILDINGFISCAL ADJUSTMENTSFINANCIAL INSTITUTIONSPRUDENTIAL REGULATIONSPRIVATE SECTOR DEVELOPMENTCORPORATE RESTRUCTURINGCOMPETITIVENESSPRODUCTIVITY GROWTH ACCESS TO INFORMATIONACCOUNTABILITYAGGREGATE DEMANDAGRICULTUREASSET MANAGEMENTASSET MANAGEMENT COMPANIESAUDITINGAUDITORSAUTHORITYAUTONOMYBALANCE OF PAYMENTSBALANCE SHEETSBANK BRANCHESBANK OF THAILANDBANK RECAPITALIZATIONBANK RESTRUCTURINGBANK SUPERVISIONBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBANKRUPTCYBENCHMARKSBONDSBUDGETARY ALLOCATIONSBUSINESS ENVIRONMENTCAPITAL MARKETSCAPITAL REQUIREMENTSCENTRAL BANKCENTRAL BANK LAWCITIZENSCIVIL SERVICECIVIL SOCIETYCLASSIFIED LOANSCOLLUSIONCOMMERCIAL BANKSCOMMERCIAL PROPERTYCOMMUNITY PARTICIPATIONCOMPARATIVE ADVANTAGECOMPETITION POLICYCOMPETITIVENESSCONNECTED LENDINGCONSTITUTIONCORPORATE GOVERNANCECORPORATE SECTORCREDIT RISKCREDIT RISK MANAGEMENTCRISESDEBTDEBT RESTRUCTURINGDECENTRALIZATIONDEPOSIT INSURANCEDEVALUATIONECONOMIC BEHAVIORECONOMIC GROWTHECONOMIC STABILITYEMERGING MARKETSEMISSIONSEMPLOYMENTENTERPRISE REFORMENVIRONMENTAL DEGRADATIONENVIRONMENTAL PROTECTIONEXCHANGE RATEEXPENDITUREEXPENDITURESEXPORTSFINANCIAL ACCOUNTINGFINANCIAL ASSETSFINANCIAL CRISISFINANCIAL DISCIPLINEFINANCIAL HEALTHFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL RESTRUCTURINGFINANCIAL RISKFINANCIAL SECTORFINANCIAL SYSTEMFISCALFISCAL POLICIESFISCAL POLICYFISCAL SUSTAINABILITYFISCAL YEARFOREIGN CAPITAL FLOWSFOREIGN OWNERSHIPFREE TRADEGDP PER CAPITAGOOD GOVERNANCEGOVERNANCE REFORMGOVERNANCE REFORMSGOVERNMENT INTERVENTIONGOVERNMENT POLICYGOVERNMENT PROGRAMSGROWTH PERFORMANCEGROWTH RATEHUMAN CAPITALHUMAN RESOURCESHUMAN RESOURCES DEVELOPMENTIMPORTSINCOMEINCOME DISTRIBUTIONINCOME GROUPSINCOME INEQUALITYINSOLVENCYINSTITUTIONAL CAPACITYINSTITUTIONAL FRAMEWORKINSTITUTIONAL MECHANISMSINTERNATIONAL BANKINGLABOR COSTSLABOR FORCELABOR MARKETLAND USELAWSLEGAL FRAMEWORKLEGAL PROTECTIONLEGAL SYSTEMLEVELS OF GOVERNMENTLOCAL ADMINISTRATIONLOCAL GOVERNMENTSMACROECONOMIC STABILIZATIONMARKET CONFIDENCEMERGERSMIGRATIONMINISTERSMINISTRY OF FINANCEMONETARY AUTHORITIESNATIONSNATURAL RESOURCESNONPERFORMING LOANSPARLIAMENTPOLLUTIONPOLLUTION CONTROLPOVERTY ALLEVIATIONPRICE FIXINGPRIVATE SECTOR DEVELOPMENTPRODUCERSPRODUCTIVITYPRODUCTIVITY GROWTHPRUDENTIAL REGULATIONSPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC INSTITUTIONSPUBLIC POLICYPUBLIC SECTORPUBLIC SECTOR MANAGEMENTREAL GDPREAL SECTORRECAPITALIZATIONREGULATORY FORBEARANCEREGULATORY FRAMEWORKREGULATORY MEASURESREGULATORY REGIMEREGULATORY REGIMESRESOURCE USERISK TAKINGSAFETY NETSSECURITIESSERVICE DELIVERYSOCIAL CAPITALSOCIAL DEVELOPMENTSOCIAL POLICYSOCIAL PROGRAMSSOCIAL PROTECTIONSOCIAL SECURITYSOCIOECONOMIC DEVELOPMENTSTATE ENTERPRISESTATE ENTERPRISESSTATE-OWNED ENTERPRISESSUBNATIONAL LEVELSSUSTAINABLE GROWTHTAX COMPLIANCETAX INCENTIVESTAX RATETAXATIONTECHNICAL ASSISTANCETELECOMMUNICATIONSTOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTRANSPARENCYTRANSPORTUNEMPLOYMENTWAGESWASTE MANAGEMENTWATERSHEDWORLD TRADE ORGANIZATIONWTOWorld Bank10.1596/15105