Effects of the oil crisis on the Thai economy, 1973-1981
MetadataShow full item record
Thailand is one of the nations categorized as non-oil developing countries (NODs). The oil crises of the past decade, 1973-1974 and 1979, adversely affected most world economies, but the crises proved most severe to the NODs. Some NODs coped with the energy crises better than others, among them, Thailand. In this paper, the author describes the situation at the time Thailand was affected by the energy crises and also provides several insights into the kinds of policies adopted to cope with the nation's problems. The author not only assesses the effectiveness of those policies but also suggests some measures which might possibly be taken by Thailand in order to reinforce those policies presently in force. Moreover, an attempt will be made to assess Thailand's energy prospects in the future.