OECD Economic Surveys.

Format:

Book

Author/Creator:

Organization for Economic Cooperation & Development, author, issuing body.

Series:

OECD Economic Surveys Series

Language:

English

Subjects (All):

Economic development.

Sustainable development.

Physical Description:

1 online resource (111 pages)

Edition:

1st ed.

Other Title:

OECD Economic Surveys

Place of Publication:

Paris : Organization for Economic Cooperation & Development, 2023.

Summary:

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.

Contents:

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.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-32308-2

OCLC:

1393305334