ABSTRACT
Thailand has experienced spectacular economic growth over the past few years. From 1987 to 1990, the growth rate of GDP averaged 11.2 percent in real terms, making Thailand one of the fastest growing economies in the world. Despite the Gulf War, a military coup, and the economic slow-down in major industrialized countries, the growth rate for 1991 is estimated at 8.0 percent. The National Economic and Social Development Board (NESDB) expects the economy to grow at an average rate of 8.2 percent throughout its Seventh Plan (1992–96).
