OECD Economic Surveys
Thailand has achieved remarkable economic progress over the past decades. A strong and timely policy response helped to cushion the economic and social impact of the pandemic, and of high energy and food prices.
| Formato: | Libro electrónico |
|---|---|
| Idioma: | Inglés |
| Publicado: |
Paris :
Organization for Economic Cooperation & Development
2023.
|
| Edición: | 1st ed |
| Colección: | OECD Economic Surveys Series
|
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009786730006719 |
Tabla de Contenidos:
- Intro
- Foreword
- Basic statistics of Thailand, 2022
- Executive summary
- The economy is still recovering from recent shocks
- Fiscal and monetary policies need to work in tandem for a stable recovery
- Stronger productivity growth will hinge on structural reforms
- Growth could become more inclusive
- The green transition requires bold and swift policy action
- 1 Key policy insights
- Structural reforms are needed to achieve robust and sustainable growth
- The recovery from recent shocks has been protracted and gradual
- The weakening global economy implies significant downside risks
- Financial markets have been sound, but private debt is high
- Macroeconomic policies will need to work in tandem towards a smooth recovery
- Maintaining the current monetary policy stance will help to anchor inflation expectations
- Fiscal consolidation should continue at a gradual pace
- Improving the spending mix can help boost long-term productivity
- Higher and more progressive tax revenues will need to finance additional spending
- Boosting productivity growth through structural reforms
- Stronger competition and better regulations could boost productivity
- Improving the conditions for foreign trade and investment
- Stronger anti-corruption coordination will help make the business environment fairer and more predictable
- Strengthening the social safety net
- Social protection coverage has increased, but benefit levels remain low
- Supporting access to quality jobs
- Reducing labour informality
- Improving labour market prospects for youths
- Addressing gender imbalances in the labour market
- References
- 2 Pursuing a strong and inclusive green recovery
- The green transition combines opportunities and challenges
- Achieving a coherent policy mix and ensuring strong policy coordination.
- Carbon pricing should be the key element of Thailand's decarbonisation strategy
- Aligning environmental regulations with international good practice
- Achieving net zero will require specific strategies for each sector
- Decarbonising the power sector by expanding renewable energy sources
- Reforming energy markets as a precondition for price signals to work
- Reducing transport emissions
- Reducing emissions from agriculture
- Raising energy efficiency presents scope for emission reductions
- Energy productivity has improved over the recent years
- Advancing electrification can help improve energy efficiency
- The business sector could invest more to improve energy efficiency
- Investing in adaptation to climate change
- Fostering green innovation
- Direct funding and tax incentives are supporting research and development
- Towards a more circular economy
- References.
