By most conventional development indicators, Thailand has been singularly successful. Through seven National Economic and Social Development Plans starting in 1961, the country has witnessed continued economic growth and structural change. Economically, Thailand has experienced significant growth in the manufacturing agricultural, and service sectors, coupled with relatively low rates of inflation and unemployment. In the years 1987 and 1988, the economy grew at an impressive 8.4 and 11.0 percent, respectively. It has constructed an impressive infrastructure, attracted substantial foreign investment, inaugurated important technological advances, and has become a major exporter of manufactured goods. On the social side, there has been a reduction in infant mortality, an increase in life expectancy, improvements in levels of education and health care, and a reduction in poverty.