The first development plan, covering the period of 1961-1966, was launched in 1961. This plan
and its successors, especially from the 5th five-year plan, put the priority on economic growth
achieved primarily, as already pointed out, through the development of industry and the urban
economy under private enterprise. Government’s role was to develop the basic infrastructure for
growth and to encourage investors. Looking from growth perspective, these plans could be
considered successful. Thailand achieved high growth rate which sustained over four decades.
The average income multiplied seven times. Thailand was transformed from one of the more
backward and agrarian countries into a candidate for NICs.
35. Until the 7th national economic and social development plan the development in Thailand was
growth based, top down, and urban biased. The concern with urban growth and national
security, in particular during Indochinese conflicts pushed other goals such as participation,
The first development plan, covering the period of 1961-1966, was launched in 1961. This plan
and its successors, especially from the 5th five-year plan, put the priority on economic growth
achieved primarily, as already pointed out, through the development of industry and the urban
economy under private enterprise. Government’s role was to develop the basic infrastructure for
growth and to encourage investors. Looking from growth perspective, these plans could be
considered successful. Thailand achieved high growth rate which sustained over four decades.
The average income multiplied seven times. Thailand was transformed from one of the more
backward and agrarian countries into a candidate for NICs.
35. Until the 7th national economic and social development plan the development in Thailand was
growth based, top down, and urban biased. The concern with urban growth and national
security, in particular during Indochinese conflicts pushed other goals such as participation,
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