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Macro Signals Declining Effici

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Lynn M

 

Date added:

August 25, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 789

 

Was viewed:

4995 times

 

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Essay content:

public policy) and micro (enterprise) levels. As the relative role of the private sector increased in the economy, the importance of enterprise management and performance correspondingly increased. Looking more deeply at Thailand's performance, manufactured exports grew by about 23% per year between 1980 and 1995, almost doubling during 1992-1995...
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Looking more deeply at Thailand's performance, manufactured exports grew by about 23% per year between 1980 and 1995, almost doubling during 1992-1995. However, in 1996 export growth fell practically to 0 per cent, with labor-intensive exports usually identified as the main culprit. Certain factors are generally cited as responsible for this abrupt and dramatic decline: · External factors cited included the emergence of new competitors, with the coming on stream of new production facilities in lower income/lower wage countries such as China, Indochina, Philippines, further complicated by the30% devaluation of the Chinese yen in 1994; · Domestic factors cited generally relate to rising wage rates and overvalued exchange rates...
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