NDLI: 5 Benign Growth: Structural Transformation and Inclusive Growth in Thailand

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Foreword

1 The Developer’s Dilemma

2 The Developer’s Dilemma: A Survey of Structural Transformation and Inequality Dynamics

3 Structural Transformation and Inclusive Growth: Kuznets ‘Developer’s Dilemma’ in Indonesia

4 Getting Rich and Unequal? Structural Transformation, Inequality, and Inclusive Growth in China

5 Benign Growth: Structural Transformation and Inclusive Growth in Thailand

6 Inclusive Structural Transformation in India: Past Episodes and Future Trajectories

7 The Challenges of Structural Transformation, Inequality Dynamics, and Inclusive Growth in Bangladesh

8 Adverse Political Settlements: An Impediment to Structural Transformation and Inclusive Growth in Ghana

9 Economic Growth, Rising Inequality, and Deindustrialization: South Africa’s Kuznetsian Tension

10 Inclusive Growth without Structural Transformation? The Case of Brazil

11 Structural Transformations and the Lack of Inclusive Growth: The Case of Chile

12 Leapfrogging into the Unknown: The Future of Structural Change in the Developing World

13 The Developer’s Dilemma: Conclusions

Notes on Contributors

List of Abbreviations

5 Benign Growth: Structural Transformation and Inclusive Growth in Thailand

Content Provider	Oxford Academic
Author	Warr, Peter Suphannachart, Waleerat
Editor	Armida Salsiah Alisjahbana
Abstract	Between 1951 and 2017 Thailand's real gross domestic product per person grew at an average annual rate of 4 per cent. In the process, the structure of the Thai economy changed radically. The output and employment shares of agriculture both contracted, matched by an expansion in the output share of manufacturing and the employment share of services. Structural change contributed to economic growth, as relatively unskilled people moved from low-productivity rural employment to more productive urban and peri-urban employment in industry and services. The social and economic flexibility to undergo this dramatic structural change clearly facilitated the massive reduction in extreme poverty that occurred simultaneously. Thailand's long-running growth and structural change have strongly promoted inclusive growth, meaning growth that reduces poverty. The Thai data support the Kuznets hypothesis of an inverted-U-shaped medium-term relationship between economic inequality and levels of national income.
Related Links	https://academic.oup.com/book/44932/chapter/385072583/chapter-pdf/49855228/oso-9780192855299-chapter-5.pdf
Ending Page	114
Starting Page	88
ISBN	9780192855299
DOI	10.1093/oso/9780192855299.003.0005
e-ISBN	9780191945427
Language	English
Publisher	Oxford University Press
Publisher Date	2022-08-02
Access Restriction	Open
Subject Keyword	Economic Development and Growth Economics Social Sciences Structural Change Inclusive Growth Poverty Reduction Inequality Kuznets's Hypothesis
Content Type	Text
Resource Type	Chapter
Subject	Economics and Econometrics

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4 Getting Rich and Unequal? Structural Transformation, Inequality, and Inclusive Growth in China

7 The Challenges of Structural Transformation, Inequality Dynamics, and Inclusive Growth in Bangladesh

10 Inclusive Growth without Structural Transformation? The Case of Brazil

2 The Developer’s Dilemma: A Survey of Structural Transformation and Inequality Dynamics

1 The Developer’s Dilemma

6 Inclusive Structural Transformation in India: Past Episodes and Future Trajectories

6 Growth, Poverty Reduction, and Inequality in Rwanda

15 Incomes, Inequality, and Poverty in Kenya: A Long-Term Perspective

2 Links Between Growth, Inequality, and Poverty

5 Benign Growth: Structural Transformation and Inclusive Growth in Thailand

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